Debt
lots of comments on debt pay down over the last few months.
given NET debt was at 45 million on June 30th and cash flow looks fantastic for the fall and winter....when do you fellow geniuses think the company will be NET DEBT FREE??
my bet is the end of January or first week in February 2022.
just using cash flow assumptions and current gas strip prices based on the presentation :
guessing we generated roughly 14 million in cash flow for the 3rd quarter :
- 5 million per quarter to run the company and maintain production
- 5.6 million to complete two Pekisko wells
guessing 25 millin in cash flow for Q4
- 5 million to maintain operations
- 30 million in cash flow for for Q1 2022
- 5 million for operations
-6.0 million - for a couple more wells to grow the company 5% ish per year. at 6 dollar gas PNE can cashflow about 120million per year. Hopefully the hedged a little at that price...