Question · Q3 2024
Jose Sanchez from Casner Investment asked for the expected free cash flow over the next 12 months given the new hedge book, the WTI price assumption for 2025 guidance, and details on the expansion of waterflooding operations.
Answer
CEO John Jeffrey indicated that full 2025 guidance, likely based on ~$75 WTI, will be released by year-end, but noted the recent hedge monetization should improve cash flow by ~$30 million at $80 oil. Chief Development Officer Justin Kaufmann began to discuss waterflooding at the Flat Lake asset before the call was disconnected due to technical issues.
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