Post by
ztransforms173 on Feb 09, 2024 9:50am
CC: GFR Is CAUTIOUS On EXIT 2024 BOP Analyst Question
- 2 analyst question in CC (both on BOP)
- NO BIG BROKERAGE analyst names
- MyTake in EXIT 2024 BOP:
* they are UNSURE of the RELIABILITY and PREDICTABILITY of the THEIR RESERVOIR MODELING
* they DO NOT WANT to CREATE 'EXPECTATIONS' in case they have SETBACKS in DRILLING and SUSTAINING HIGHER RESERVOIR PRESSURE
- they gave a NON-QUANTIFIED answer:
* BOP production at the END of 2024 will be HIGHER than BOP production at the START of 2024
- ALL 10 INFILL WELLS will be DRILLED by end of February 2024
* 8 out of the 10 were drilled in 2023
GFR CLAIM:
* TMX is 'EXPECTED' to be in OPERATION in "MID-2024"
- DEBT CASH SWEEP (75% of FCF):
* CALCULATED in June 2024 and December 2024
* PAID within 60 DAYS of CALCULATION
- REPEAT PROCEDURE in LATER YEARS until they REACH their DEBT TARGETS
z173