RE:RE:Q4 productionFully...and YGR's PDP value doesn't have a massive estimate for old depleted wells to reclaim in that.
Lots of these estimates could be understated by the other companies as a person doesnt know how hard it is to pull rusted pipe from the 1960's until they get to the well...or the amount of polluted soil that needs to be taken away. I think makes YGR's PDP better.
These new wells are built with reclaimation in mind but the old wells comapnies didnt think about this.
Company will be doing 13000 BOE plus in Feb on like 225 wells. Operating cost advantage...which will mean more if commodity prices stay greasy.
fullyautomatic wrote: Yeah Cliff, I am optimistic as well.
Those 3 Cow Lake I was ranting about were put on in Dec so that might be the little prod bump
Decent RR, I was scared of another tech revision down but added in all catagories. Good to see.
Debt at end of Q4 is 134M. Down +13M in the Q
Did a quick comparision EV to PDP with OBE. YGR is trading right with it on PDP, with OBE being 3x bigger EV and relative reserves.
There has got to be alot of guys wating to see what can be hit further west, where the rig is drilling now. I am too, although it's getting tempting to hit the buy button ahead of it. I don't see this slipping sub $2 but like Kav said anything can happen. Constructing a new GP out there, so I guess they are confident.... I