Post by
Bennys65 on Aug 18, 2024 1:13pm
Two years out
Dave burton has said that production will double organicaly in two years At that point we may be a takeout by someone else or lcx will start returning capital to its shareholders .In the meantime hwx with all its connections with lcx has been building a maneville land postion at handel and now clay.DJ in a write up said they may spin off a highgrowth part of hwx which could be the manville properties The Handel property is large and next to scr druid field which produces 3200 bpd and they have now licsensed their first multilateral Hwx is doing 3d and setting up for a drilling program early 2025 Maybe hwx does a spinco raises a bunch of money and takes out lcx Looking forward to the second quarter numbers'