RE: How I hate.....10 Feb 2018 15:22
Recent operational update said that they have hedged in prices so recent falls in oil/gas shouldn't have much impact. Erskine is 50/50 oil to gas and recent BKR is 15/85 oil to gas. Can't imagine further acquisitions this year but wouldn't rule it out for the following year as the BKR transaction presentation hinted that this acquisition and cash flows would provide further growth opportunities.
Also, think market missed that fact that recent production from BKR has been in excess of what was given in the transaction documentation. Unless I am mistaken, the info that was given was Erskine at 3000boepd, BKR would increase production 7 fold to 21,000boepd implying that BKR will give 18,000boepd. Recent operational update said that since so far this year, BKR has been producing in excess of 20,000boepd