Done Drilling6 wells have been drilled and rig seems idle now near a number of older Cheddar licenses.
Crazy to go from 30 well a year clip last couple of years to drilling 11.5 net wells this year with no guidance on when rig will start up again.
Hopefully capex comes in around Q1 levels (15 million or so which would include a lot of maintenance activities) so that debt can at least stay flat for the quarter before dropping again in Q4.
If they don't drill again rest of year they may exit around 80 million in debt, otherwise no way they hit 80 million target until next year.