GREY:ZARFF - Post Discussion
Post by
stockfy on Nov 08, 2018 3:37am
AECO above C$2.50 per mcf and ZAR
ZAR produces about 500 boepd dry natural gas or 3,000 mcf per day, see Q1.
ZAR closed about half of its natural gas production in Q2 2018 when AECO hit extremely low prices (below C$1 per mcf):
"Natural gas economics and shut-ins: This summer’s Alberta natural gas pricing outlook remains challenging, and we have proactively shut-in our uneconomic natural gas properties."
AECO closed at C$2.69 yesterday, so ZAR will reconnect these natural gas properties or sell them much easier.
With AECO at C$2.50 per mcf and 3,000 mcf per day natural gas production, ZAR receives C$675,000 per Quarter from its natural gas alone.
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