CC: PLANNNG A +15K BOP EXPANSION Subject To BOD APPROVAL- $ 300 million GROWTH CAPEX in 2024-2026
- $ 100 miilion PER YEAR
- MAX BOP goes from the PRESENT 110,000 to 125,000 bbls/d in 2026 {three year project between facilities, drilling and STEAMING}
- VERY COMPETITIVE $ 20,000 per flowing bitumen barrel
- CEO is CONFIDENT that USD 600 million NET DEBT TARGET will be REACHED in 2024 giving way to the EXPANSION
- 2024 CAPEX BUDGET comes out on MONDAY November 27, 2023
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