RE:RE:RE:RE:Quick..I think with low aeco prices, probably highest FCF scenario for last 6 months of 2024 is cutting back on capex.
I mean capex for last 6 months is kinda unclear as YGR probably doesnt know yet.
Investor presentation states a 70m annual capex and YGR is at 25m ish aftter 6 months so last half would be 45m....yet the Q2 press release cautions pull back in Q4 drilling if prices are bad for aeco.
YGR prob has scenarios for capex of 20m, 30m and 45m.
These prices are uncommon for Ng.
YGR always has the ability to delay completions on chambers cardium wells.
Think min plan would be 2 oily wells per quarter tie in.
2 belly in in chambers for Q3....and 2 willy for Q4....that prob min.
Q4 capex is also probably dependent on how belly river wells in August produce. If come in at nice rates I am sure Q4 is 2 more bellys.
Operating flexibility is going to be key.
10m FCF for last 6 months is prob goal still and question is does that mean Q4 has little capex.