It's Saturday afternoon and I have just realised after reading...

It's Saturday afternoon and I have just realised after reading Mr Mondo's post that the 17 th is not on Tuesday but is in fact Monday. Holy crap, Monday. Monday is really soon.

I have been reading announcements from 2020 and 2019, in particular to find out how long it takes for the wells to clean up after fracking. I have not found the answer to that question but I have rediscovered how good it was all going and then there was the cold snap for two weeks in mid January, minus 45 degrees.
Because of the cold they had to take precautions and slow production down and keep things warm.
Then by March they were slowing production down because the price of oil was very low.
In January they were still trying to get Rex 1, Rex 2 and Rex 3 all flowing into the newly built plant and solve various quality problems and deal with the water being produced.

It was exciting time but turned disastrous.

This time it is also an exciting time but oil prices and gas prices are high. Currently oil is $85 US and gas is $6.50'US. These prices are multiples of the prices that WBE had to deal with in 2020.

Time to think about getting excited.

At these prices Rex 4 with 300 bopd and 1.2 units of gas should be producing $24,500 (for oil) and $7,800 (for gas) in US dollars. $32,500 per day.

One million bucks per month.

Now that's exciting.

Then Rex 5.

Saltbus