RE:RE:Bay Street analystsDragon1 wrote: I really liked your discussion and way of thinking.
A friend who was in the oil business says that "analysts" have no idea just how prolific and profitable the Clearwater property is going to be.So far every well they drill greatly exceeds expectations.Apparently like The Bev Hillbillies,when Jed misses the squirrel the bullets sprouts oil out of the ground.
Right. And the clearwater update Friday was much ado about nothing.
The 5 year plan is supposed to be updated to reflect Clearwater in December and I'm looking forward to that. It is not hard at all to see Clearwater ramping to 50,000 barrels a day within 5 years. The midpoint on wells next year is 15 and at 700 barrels a day per, you get 10,500 a day out of Clearwater and they're just scraping the surface on what the play looks like. And it's unhedged production breaking even at 33 bucks a barrel. At current pricing, 30*10500*365=115 M cash flow