Post by
uograd on Apr 01, 2022 8:44am
whoa trigger easy on that 20 million cash flow number
god bless cormark and their dirty white socks for the bump to 2 bucks (low in my opinion) but 20 million of cashflow from those two wells in 2022 is mucho hot air.
The company is forecasting 8 million and I don't care if the wells are leduc, nisku, granite wash or halfway they are going to start to decline pretty signficantly after 90 days.
Having said that I believe the third well to be drilled post breakup will also likely be a hummer oil well and should be online in august or so and could add who know 2-3 million cashflow to that 8 million if it looks like the first two.
otherwise excellent synopsis and i will be back in buying this morning.
Comment by
jrk8888 on Apr 01, 2022 9:02am
that $8 million was from just the 1-30 well. Maybe Cormark's report is optimistic, but even $15 to 16 million would be excellent. I was wondering about how much the wells would decline and how quickly. Will be paying attention to that. Thanks
Comment by
uograd on Apr 01, 2022 9:25am
for darn sure those are great cash flows and if the third well is another beauty that will just add spice to the party while we figure out how to get this helium well on line. cash flow in 2023 could be epic all without further dilution. giddyup.