RE:Sounds like Q4 should come in as plannedRex that is incorrect.
The breakdown on the 14 well pad is as follows:
On the 6 well well pad of we own 2/3...so 4 net out of the 6 wells.
On the 8 well pad which are long 1.5 miles...we own at least 80%...so around 6. somtehing net.
Plus all the NG is run though and produced through 100% owned YGR Ferrier gasplant.
YGR is going to drill 30 wells for the yeat and net like 26. something wells. Don't really lose that much from the JV.
Plus the prior 6 wells in West Ferrier are over 80% YGR.
TheRexmember wrote: Drilling and completions back to normal - meaning nice and steady.
The first 6 wells at West Ferrier are all JV wells. I was concerned about spending ramping up a little too fast but since they are 50% interest wells that will drop spending about 10 million.
we should therefore see a decent drop in debt both in Q4 and Q1 and accelerating into summer.
Would be nice if these guys had a monthly newsletter or update.
now that they are drilling aggressively again there should be something to share.