I kind of look at it this way...Three quarter to add production, and i think what they want to do not is just keep ramping up at the same pace quarter after quarter, and keep the rigs working.
My guess is the 65 million they added to capex, will be realized in Q2 as a result of higher commodity prices, and NVA knowws without a doubt, the best way for them to add value is through the drill bit and i think they will just keep drilling.
So for them to exit the year at 75,000 boe i dont think its a big stretch, my guess is that peak production in Q1 was likely around 68,000 boe a day. So i am suggesting that they exit 2022 at 75,000 boe/day which i think is acheivable.
Also Q1 they spent a whopping 120 million dollars, i think that is great, and it say to me they have a lot of confidence in their play areas and i am super impressed how a new Play area like Pipestone can do so well from the get go. The sooner they spend that adddional capex, the faster it will come back into the NVA coffers.
Also there is big money looking at NVA's every move. I am guessing Eric Nuttal has almost 15 million shares, Pou has around 35 million shares, if NVA buys 20 million shares out of the market something is going to happen.
These guy are highly reliable, and hard working. Even though they are a bit on the young side, i have to say the have given me reasons to be confident in them.
IMHO