Thursday, January 18, 2018 8:05:44 AM
Per the recent report we are now past the break even point (and climbing) - very good news
2018 Production Forecast:
"The production forecast for 2018 is 665,400 barrels of which 1,800 barrels per day is the forecasted average for the first half of 2018."
"Breakeven field economics are estimated at 2,152 barrels per day, at an assumed Brent price of $50.00/barrel reducing to 1,761 barrels per day at an assumed Brent price of $60/barrel."
We're approaching $65 now.
https://markets.qtrade.ca/news/story?t=iKXJizM-dSY,Qh0UWRB_F54u6RIv6Qh133fYJHsol5mS&Bend=&article=1e67490dfa14e5f3
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