bunky, Sorry for the late reply. They are at C$.32 after q3. A repeat of q3 would give them .48. I came up with .19 for q4 cashflow so .32 +.19 is .51. My q4 estimate is based on 1250boepd average so they need to find something this qtr and hook it up soon enough to increase the average from their q3 exit of 1100 to 1250. They had 100 behind the pipe so a late discovery of 200 bpd might scoot it up high enough.
All in all, it looks like QIS might be a bit optimistic.
Still 5 X .51 is C$2.55, a long ways from current price of C$1.65. I predict price will slowly creep up until we get the next operations update that talks about the winter program and any success they have had there.
Good luck, Bobwins
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