First victim.. Well I see pieradie energy has to do a rights issuing and raise capital from the squeeze, although have over 9k boe shut in, amico saves the day and will back the offering a lot but man that is more shareholder dilution.
like I have said many times, be careful if aimco is involved as they win return on both sides and make money in interest as long as these companies operate.
Pne finally has a short position starting as abit started last report. I think alot of shorts are on sidelines to see if some kind of aimco and Pne capital injection happens first.
Pne will use capital from an aimco injection and process that gas in the pieradie energy gas plant in Caroline. Modeling pea to make money on third party gas plant processing fees and Caroline one can be filled with glauncy wells drilled in that area. Sweet spot their is 1300 boe per day for 365 easily, gas and NGOs but lots. Bet rye bottle pne has dilution coming before dec 31.
glad to see ygr spud the glacy well today. Listed as target for oil which is interesting as I thought close by one that tourmaline owns is mostly ng. On gas side good glaucy wells pump out 5 bcf of gas in first 5 years easily.
Drilling creates value so hopefully good news coming on newly drilled wells