Ann: Borba Operations Update and Prospective Resource, page-263

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:


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.