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5,665 Posts.
1058
22/02/21
09:38
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I know most are focused on Borba.
But I think this will be a sneaky announcement for their second Canadian oil field purchase, in the next week:
![https://hotcopper.com.au/data/attachments/2933/2933082-815fd3423937b896011b183cfdcdaf6c.jpg](https://hotcopper.com.au/data/attachments/2933/2933082-815fd3423937b896011b183cfdcdaf6c.jpg)
They are looking at 500 BOPD before the end of Feb.
In 2019, average production for the field was 1,400 BOEPD before COVID shut in - due to low prices.
The JV won't be able to resist the profits at $60 WTI boe. How many shut in wells will be re-opened?
Will the figure surpass 500 BOPD before end of Feb?
Above is not financial advice and my opinion only.
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