RE:RE:LSEG website........Presentation Update !GB................It is anyone's guess what SP will be in short order, end of year doldrums, as we are still sucking out old rollback, tired, bored paper. Volume on this pullback seems more like bids being hit just o pay for Chrstmas credit card charges..........in fact I'm happy to report a nice fill at 11.5 for my account !
Dec. 13th youtube update..........MA states very steady and strong pressure and cash flow from West Pepper and signalled tie-in scheduled for East Pepper in next few months.......... a shorter frac but initial historical tests showed liquids as well a gas...........he noted this as as a game changer.........as the whole block value will be re-rated if this is so............up to 200 wells can be drilled on the property footprint ! I would not be surprized to see a JV with say Cenovus take place this year !
In Columbia, I'm expecting another 1000 barrels a day added in two more wells in the next 3 -4months or so........putting total daily production up to 2500 barrels. In my chat with MA a few months ago..........his overall strategy was to take production from 500 boe to 10,000 boe/day over next two years.............when achieved he would be open to a take out of say someone like Fronterra, who is producing on two sides of the Tapir Block ........
We can expect a kickoff of corporate IR and more analyst coverage in 2022
As stated earlier............the plan checks all boxes,healthy growing positive cash flow, low hanging fruit resource base, and finally competent management .............it's now just about time and patience, as the oil and gas sector has our back in structural bull mode !
Value proposition seriously intact at 12 cents !
GLTA in 2022 !!!