RE:RE:RE:RE:RE:RE:YGR/PNERex...that is not accurate on certus.
Spend some time and look at the wells Whitecap and Tourmaline (former Bonavista) are driling in Glauconite zone in Caroline.
The Glauconite zone is gassy with lots of NGL's in west of caroline and going east it gets oily.
What does it logically tell you if Whitecap and Tourmaline are drilling near this certus land over spring break?
IT MEANS IT IS WICKLY economic.
Possible Whitecap or TOU bid all way to 100 million just to make PNE life more diffcult.
Certus went for 100 million for their drilling location's. Easily 25-40m of the 100m purchase price.
But PNE is choosing to pay tiny divy in 2024 instead of drilling the oily locations they got from certus.
Whitecap has gotten 120,000 barrels of oil 12 months on 2 mile wells here plus tons of gas.