RE: VTM Webinar2 Nov 2018 08:14
A couple of things:
Tidd - I agree with your guesstimate of 2,700 bpd for YE 2019. PB said around 2,400 (I think?). If there are 2,000 bpd now, with four more wells to add this year and then another 10 next year, not sure 2,400 is correct? Not unless PB knows about a well or two coming offline next year possibly? Natural decline of old wells possibly? PB would know more than me of course but his guesstimate does seem a little low?
Sundayroast - $3.5m was for two of the Ortoire drills. Each costing $3.5m. The West side drills are about $1m each. I think he mentioned $4.5M for the last drill on Ortoire?
So with an estimated $20m income for 2019 some jiggery pokery will be made in the finance department. Not unless the first Ortoire is successful. If it is in then cash icould be in abundance I assume?
If the first Ortoire drills hits home then all good and everybody hold on to your hats!! If all three Ortoire drills are successful then who wants to guess the SP for YE 2020?