Post by
energee on Apr 25, 2023 8:47pm
Going Forward
Plenty of negatives from certain posters. Bring it on for a read, then ignore them.
The facts are the Company has a competent, trustworthy management. Some, but not all, of the assets are in later life, but have signifcant ability to CONVERT proven non-producing reserves to PRODUCING reserves by drilling/recompleting wells within the proven reserves category. 7 wells were either drilled or recompleted in Q1 2023 is exactly the right stuff, and very logical. That is upside that they will report results on in 2023.
SG is experienced in the region and did not fall into this opportunity. They pursued it, got it for Ab value, for reasons that the market will figure out soon. Great deal. Long here.