CE1 low cost high margin producer, page-3

Something else to consider...
Calendar 2022 production will be 5000 boepd (average)

Financials projected are based on oil at $60 USD. They confirmed Free Cash Flow (FCF) as $9m - money available for dividend distribution and accounting for CAPEX already re: new wells etc.

If oil averages $70 USD or $10 per barrel more and we pump 5000 boepd (there is about 25% gas which skews this a bit...) , that's an additional $18.25m in FCF. Total $27m FCF

Based on 10 bln shares atm, that's 0.27 cents per share available or 27% yield . Nice return!

That's the upside - amongst others such as a deal on Montney which is exciting.