Q1 2025Any guesses on what q1 capex is?
I would think drill 6 wells and complete 8 wells with 2 carry forwards from 2024 December drilling.
On social media they posted they made a fairly large lease well pad on the new jv land south down on other side of river in chambers.
so rigs likely go here in Jan to drill at least 2 wells and then back up to drill 4 on other side in chambers either belly or cardium wells.
they should be able to do this for 20m or less. They don't have to spend a pile of capital on well leases, just this one and in chambers they can continue drilling on existing pads.
company seems to have really improved on captial effiency to hold production rates and it really started once they start drilling large amount of wells per pad in chambers.
maybe q2 being a low drill season they do some infrastructure spend in chambers.
be nice to know more about jv terms.