the good oil

Interesting snippet passed on from a presentation. The obvious question mark was raised about the change in (short term?) strategy from gas to oil in Canada. Despite the potential cashflow benefits it means some supporters are now treading just a little more wearily.

MPOs main points in reply seemed to be:
1.they picked up the oil ground cheaply because it was short term (ie use it or lose it) so they are keen to push it through agressively.
2. also noted that while 2000 barrels per day was year end target there is the potential for more longer term. Apparantely there is another company in the region that produces 6000 barrels a day and has a market cap of $1b.

This is second hand info so would be interested if anyone can validate the above 2 points