RE:RE:RE:RE:RE:Been in a year- Q1/2024 COP will be ~ 10,000 BOE/D LESS THAN Q4/2023 at ABOUT 149,000+ BOE/D
- LOWER CRUDE OIL PRODUCTION {~ 83-84% liquids} and HIGHER CAPEX in Q1/2024 MEANS LESS FREE CASH FLOW (MAYBE EVEN FREE CASH BURN ?)
* DEPENDING on the CAPEX DISTRIBUTION over the four (4) quarters in 2024
* I NOTICED that they PUMPED UP their CASH BALANCE in Q4/2023 by ~ $ 32 million over Q3/2023
z173