RE:RE:RE:RE:RE:Can reconcile ownership abit now…Rex...you are going to go bankrupt as an investor if you can't see the problems at pinecliff over the rest of 2024 and 2025 (if they make it that long).
why don't you call out the fact pinecliff said Certus assets would make 38m in noi in 2024?
Pne making only 10m in cf in q1 after adding all this debt is a disaster scenario.
Certus was supposed to add 25 percent ngl s and 25 percent oil out of there production of 5000 boe but this was bs.
I ran Certus numbers last year...they don't make this amount of oil...maybe 500-600 barrels a day.
Pne made 10m in cf at a ng price of 2.5 received...what happens now with aeco at 1.30...their debt terms with a short term....
it is not 2022 and 5 dollar ng dude....it is over. Pne will have to recap or do a right issuing or sell off assets or go broke...one of those 4 options.
yanagarra is actually sitting pretty due to their cost scruture to ride this out