CE1 is a unique opportunity . They have 100% interest after the recent takeover of JV partners in an-unconventional oil and has low technical risks. The merger will remove conflicts of interest arising from having several separate partners. Only 1% of wells fail in Montney. simple stuff you can jack hammer the rock to release gas which means its very hard to miss. Mcdaniels puts a resource of 115m barrels of liquids in the region, MMBOE 475m . The expectation is they will drill Q4 this year. Management are A grade with plan for cash flow generation shareholder appreciation by adding hard assets to the balance sheet.
guys let me know your thoughts should be a buy at these prices.
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