Post by
Dragoon on Mar 25, 2022 1:19pm
My updated valuation on NZ and cash - Romania potential excl
With current production based on last financials:
https://cdn-ceo-ca.s3.amazonaws.com/1h3rjtp-EW%20NZ%20250%20production.png
And this is my EW valuation with NZ and cash - Romania excluded with large potential - if they can double the production based on historic production. Workover was planned this month according to the financials. Quote: ''The Cheal E-6 went offline due to downhole related issues which appear to be a wax plug. The operator is currently carrying out rod work and plans to install a new pump while the well is off line. The Cheal E-6 is scheduled to back on-line in March 2022.'' (MDA page 3)
https://cdn-ceo-ca.s3.amazonaws.com/1h3rtvl-EW%20NZ%20500%20production.png
Let's not forget that Europe - and specifically Romania - needs gas and Romania is part of the European Union and NATO.