RE:Kavern23 Actually old Milwaukee, underated beer. Still digesting everything.
I love the financials and lots to like.
But onto serious question, why was I off on my model numbers....probably for the same reason ygr was able to only spend 27m and getting so much work done. Ygr states 9 wells and 8 wells completed but they don't state net and gross wells.ygr likely had more their jv wells that were ones recently drilled and producing hard. Ygr had a gas wells that is over 400 boe on ng alone and another 300 plus, ygr must have a lower working interest in these then I am modeling. Good news on this is when those 400 and 300 start to decline in future, ygr overall production won't be hurt as much. It's ng I am out most on and it has to some of higher producing ferrier wells I am out on jv interest.
Still a wonderful quarter overall. And no bank faculty cut. What I was watching, how eager are banks to lower ygr credit limit now that debt is being paid off fast.
Ygr run will come.
quote=pennydredful]will weight in once he polishes off his case of Old Style Pilsner , originally an independent brewery from Saskatchewan but taken over by Molsons many years ago. [/quote]