RE:2023I am leaning towards a guess of 100-110 million capex.
Probaly alot of savings in keeping a rig busy on full time basis versus shutting it down.
The wells in that Pheonix field they look to be developing next will be huge well numbers per each pad.
Production could get choppy as it will be 5-6 wells fracked and tied in at a time but economics and profit should drive all decisions.
I do think that overall YGR is under less pressure to drill hard compared to BNE or IPO.
BNE for example has to spend alot of momey in 2023 cause they had to have smaller capex's over the last few years as they were wrestling with debt issues.
YGR can fiarly consistently spent. Alot of YGR's producing reserves are quite new.
I think every company is under pressure to show increases in proved developed reserves.
Need to spend capx to grow here. YGR i am pretty opmistic will have a good report when it comes out.
fullyautomatic wrote: Does anyone have a sense for 2023 guidance?
Here is my stab at it:
CAPEX for 25net wells $90M
Production average 14,000-15,000 boe/d-- Ever the optimist..:)
FFO full year $156M
Debt EOY 2023 $50-75M
NCIB begining the start of H2 2023
What do you all think?