Comment by billfox54on Dec 22, 2024 3:57pm
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Post# 36374334
RE:$15 mill FCF @ 70/ $30 mill @75 (18,000 BOPD)
RE:$15 mill FCF @ 70/ $30 mill @75 (18,000 BOPD)So, do you own some again now, and if so, what do you hope to see that has brought you back in?
I sold last summer over concerns that the river levels might be a bigger issue than people had accounted for . Now I'm back in (yes, started a bit early) thinking 2024 river levels may have been a one-off. My hopium includes a successful completion of the erosion control project. Production levels continuing to climb above the present 20k/month. Brent possibly climbing over $80. A possible opportunity with block 64? A functioning ONP could be helpful, but like I say, it's hopium.
In the short term, I think this amazing divvy will be maintained, and protect from further damage.
Congratz again on HME last spring. GLTA Billfox