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