From the August update The end result of all these numbers is a potential point in time funds
from operations of more than $45 per boe, a record high when
compared to any previous full year in Gear’s history.
In the essentially impossible scenario where every one of these
variables stays the same for an entire year, the cash flow generation
capability (at mid range production guidance) would be a record
high approaching $100 million of FFO. That would be almost half
of the current market capitalization of GXE and would provide a
massive amount of free FFO compared to the current $50 million
capital budget. Free FFO that could then be directed to increased
potential growth, shareholder returns and balance sheet stability.