Post by
amp7 on Apr 30, 2014 9:09am
Appetite for heavy oil assets.
I’m not close enough to the oil patch to really gage the current appetite for heavy oil assets. Perhaps some of you are.
Seams to me this is the key determinant to our investment in PXL. If demand is good, then a relatively quick sale is possible at a fair price. Otherwise, we need to hope that creditors will show patience.
At least we have something positive in that they have successfully stabilized production in the range of 1,800 – 1,900 boe/d. Now if they can get some improvement on their hedging position and a few joint drilling programs going perhaps they can get moving forward.
Comment by
bretlucasya on Apr 30, 2014 9:16am
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