Carbon TaxesI wonder if Bibby/CFO is concern about all the share holder capital, that has gone up in smoke because of Management buyback strategy. First is was hedging now it is share buybacks. I wonder if it will impact their ESG rating?
If the 100 million to build the sunrise plant was put into wells at Kakwa and the wells are roughly 10 million each, 10 wells that product almost 2,000 boe from the get go.
Sound a lot better than the returns you will get from sunrise, the entire new 100 million dollar plant will produce the equalivent of 5000 boe/day of liquids rich Kakwa production.
Once the plant is built at sunrise, then you have to drill the wells to fill it. (Not included in the 100 million build price)
ARX Management are a sorry bunch.
IMHO