Post by
kavern23 on Dec 19, 2024 4:12pm
Operationally...
Market is so bad for uniors not much really matters it seems how these companies are doing operationally.
I pulled November data and YGR still looks on right track even though sub 1 dollar....
Belly river wells are doing really good imo.
The 2 bellys done this summer did better in Nov than Oct.
One is did 217 barrels of oil per day and other shorter one did 107 barrels per day of oil for Nov.
The intial Belly well drilled last fall is still doing 91 barrels of oil which is really good after so many months of producing.
So YGR has 5 bellys producing, 2 more drilled that should be online in Jan is my guess.
THats 7.
In 2025 i can see them trying to push 4 more on to get over 10 bellys as then oil content is much better for company and not so AECO reliant.
Return of capital for YGR imo is tied to getting more of these oily wells online.
If tax loss selling cranks this to 80 cents...Kavern will have to unretire.
Cheers and happy holidays.
Comment by
kavern23 on Dec 19, 2024 4:15pm
I wonder if the 2025 capex didnt say number of wells to be drilled because they are going to build an oil battery in chambers for the Belly wells for future. Perhaps a 3000 to 4000 barrel per day oil battery. With new land from JV, be worth building alittle more infrastructure. On NG side it is great as so close to a pipeline and plants out there.