CEOchair ..chart doesn't look good as mgmt haven't backed up the talk with the walk ..but we have had change at the top goal to reduce production costs and keep production at close to 4000Boe/d ..next month we should see a peak in production 4200-4300 etc from the latest 3x well coming on stream ... more drilling to come 1Q23 ..
2P Reserves around 19MBoe ..60% oil/con 40% Nat Gas
there has been predators circling CE1 Canadian projects for sometime.... likely if O&G prices would head much higher to see real deal on the table ..
good size cap return 1.2c recently with another .4c planned for early 1Q24..
All depends on your purchase price but for me after the Cap return av. holding cost 7.9c I'm happy to kick back and see if any predator comes out with a real offer .. 14c-15c for CE1 Production assets fine by me
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