A piece of work - Gunner Gunner your a piece of work, i can't help you.
Five years ago when for an entire quarter Kakwa sustained more than 221,800 boe a day is that not good enough for you? In that year they drilled 91 wells.
By the way Gunner you need to learn to start telling the truth, you nose is getting pretty long PINOKIO
Your really good at twisting the truth and facts, but you misinformation will make you look more irrational then you already are. Now you saying they have to produce 220,000 longer then a quarter to be creditable, however the following quarter they produced 215,000 boe a day, pretty respectable back to back quarters. Sorry Gunner but you are not creditable, you can't argue with the facts and the numbers from the annual report.
221,800 is 24% more then Kakwa produced last quarter, and we are not talking dry gas we are talking the top barrels that Arx produces, their highest netback production.
Clearly the infastructure at Kakwa can support production in excess of 221,800 boe a day five years ago, and i won't for a moment belive that is could not do that again.
If ARX drilled 1 more pad a quarter, my guess is that they could get back to that production level what would essentially add 15% to the cashflow of Arx resources.
The money spent on Attachie, or any of these dry gas projects whould be returned in spades investing in Kakwa. My guess is the cash requirements would not be that high because of the nature of the quick returns at Kakwa.
ARX could have 15% more FCF of management had Kakwa operating at 220,000 boe a day. This is robbing the shareholder of like 2.40 a share in stock evaluation.
ARX need new management, and Gunner needs a psychiatrist.
IMHO