Quarterlies They should be decent. Thinking 9 or 10 million for the summer quarter. The torq is coming now though...at current prices and a few old hedges we could be looking at 25 - 30 million for each of the next two quarters. I base this on the hedges available over 5 bucks for the next 5 months. This company will have zero net debt some time this winter.
with the rock solid balance sheet we can add a bit of production. Nothing major - I want a divvy!
Really looking forward to an update on the pekisko wells. At these prices the wells must pay out in less than a year. Would like an ongoing program of 4-6 wells per year if the results are decent. I would like to know if they have changed or improved on their completion techniques.
With a few million acres and a bazillion wells there has to be a lot of low risk high return opportunities.