Post by
TonyDj on Sep 16, 2016 12:18am
Seasonal Downturn
Over 70% of our assets have a positive operating netback at a WTI price of US$30/bbl. This includes Cactus Lake, Court, Winter and Coleville Viking assets, where average operating costs are below $12.50/boe and average royalty rates are approximately 8%. These assets are the core of our asset base and continue to provide excellent economic returns even at lower oil prices. In these core areas, Northern Blizzard has over 1,000 drilling locations with anticipated rates of return greater than 30% at WTI prices of US$40–$45/bbl.
Dividend is sustainable at US$ 37 WTI. 2017 Hedged 10,000 bbd at US$50 WTI.
The big thing is no debt coming due until Jan 2022.