Hi HFIR, question about PXT's reserve life. I read on other sources that PXT's reserve life is rapidly dwindling as the company has not been able to extend its reserve life due to drilling limitations in Columbia. Last I checked, their reserve life was well below 10 years based on their current drilling rates. Have you taken this into consideration as well beyond just the PDP value?
Hi HFIR, question about PXT's reserve life. I read on other sources that PXT's reserve life is rapidly dwindling as the company has not been able to extend its reserve life due to drilling limitations in Columbia. Last I checked, their reserve life was well below 10 years based on their current drilling rates. Have you taken this into consideration as well beyond just the PDP value?
Thanks!
We have and I think that’s a key reason why PXT stock is struggling to move higher. Limited long term visibility is a big concern.