StockAnalysis expecting 20 million cubic feet gas and 1,500 bopd from the 3 well development of high Island. So they now have 2 wells in place and the third later in year I think, presumably to take advantage of cash flow. Stockanalysis expecting 10 to 12 million dollars of operating cah flow per annum. That is obviously the attraction to EXR merger. GRL looks like having good cash flow and some other good short term targets and EXR has huge upside North Sea oil prospects. Merger seems a good fit to me.
Add to My Watchlist
What is My Watchlist?
