Hi Jurek
I did a very short reading on the figures.
Maybe some positive for the months and years to come that could influance CLL's cash can come from this
We are pleased to report we have acquired over 30 sections of petroleum and natural gas ("P&NG") rights in the area; have drilled our first three wells, have one on production, one about to go on production and one well awaiting completion of a rapid matrix frac, which we redesigned to more effectively impact the Pekisko Formation, our primary objective. Once we have reliable data, we will provide more details on the actual well results. Our landholdings could permit the drilling of 100 or more wells on this resource play, with the obvious potential of a meaningful impact on our production, revenue and cash flow. This could occur in a much more compressed time frame than is characteristic of our oil sands projects, which often require several years to reach fruition. Needless to say, we are excited about this initiative, which we see as complementary to our longer term commitment to the development of our oil sands assets, by providing Connacher with the potential of much increased internally generated cash flow in a short time frame to assist in financing the Company's overall growth, while simultaneously allowing us to capitalize on our in-house expertise in horizontal drilling and project management.
Second.Normally they will receive higher price for their bitumen as well due to the international tensions and thereby higher oil.
Because markets tend to look forwards the spotlight on CLL can start shining.
Indeed cash flow is the most important so on that approach things could look better in comparison with past years.
