TSXV:CART.H - Post by User
Comment by
nozzpackon May 17, 2022 6:17pm
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Post# 34690674
RE:Completing Installation of NRU
RE:Completing Installation of NRU If they successfully install the NRU, it well make a huge difference not only to increased production going into the pipeline but also to our Reserves.
At Jan 1/ 2016 with 5 wells producing, 2P reserves amounted to 7.75 MMcf valued at $22.50.
The NRU will bring those 5 wells back into production.
At Jan 1 2022, with very little production since 2016 and with only one well...the top of RK1 ..producing in 2021,, 2P reserves were just 3.75 MM cf. valued at $9.75 million.
So, lots to speculate ...