Looking for news on their drilling program.....I have been watching/searching for any updates as to their drilling program currently in-progess. Nothing yet from the company and i have visited the Alberta gov't databases for well drilling-licences, discoveries etc..nothing yet...remember, initial successfull results will validate a whole bunch of new driiling..see below from their Q3 results
"Subsequent to quarter end, the Company commenced its three well drilling program at Brown Creek and Stolberg in our Central Alberta Foothills area. The project will incur gross development capital costs during Q4 2022 and Q1 2023 of approximately $27 million. Successful wells in these reservoirs provide significant upside potential of up to 39 additional drilling opportunities in the Central AB Foothills core area."
As for hedging, they've done a pretty good job-4th quarter had condensate hedged at $130 and alot of their 'out of money' nat gas hedges were rolling off. $6 hedges for Q1 are great, compared to NYMEX and decent when compared to AECO thus far. Company also needs to get more better terms on some of their financing but all in all, this company is SUPER CHEAP..my 2 cents. regards, dwdc