Post by
Margin321 on May 05, 2024 11:03am
Let's get the two deals done and get on with it
Better to have something happening. They can drill the Forty Mile well and test Ogema with the money from the ridiculously cheap bought offering shares, and they should be able to immediately test Val marie and move from there to 2 or 3 development wells, all with the Sparrow hawk contribution to the Val Marie JV.
Until those two deals are signed, they are stuck doing nothing, which cannot be a plan.
I guess they are still optimizing production at Steveville. It is the longest and hardest "fine tuning" of a processing plant that I have ever heard of. They really can't even think about starting the process of ordering a plant for Val Marie until they get more information about gas composition and flow rates and make a decision about how many new wells they will drill there. I hope they do not think Arjae systems is their only option. Unless they have learned a lot of lessons building the Steveville plant.