RE:RE:Kavern23 I would assume production forecast is staying at 12k because most of the rest of wells in 2022 last 6 months are more 100 percent owned. Probably also why capex is left same, be average per well capex cost higher with no partner
total debt is 155.4 which is f8cking beautiful. Right on my expectations. 155-160 and I would be f*cking thrilled. Finally some nice stability and breathing room.
Hope shorts have a sh*tty sleep, they shouldn't sleep well, ygr is coming right for them.
kavern23 wrote:
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]