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        Hi Ted Dixon here with
your INK daily preview
        for Tuesday February 8th.
        Brussa bets on BC Montney
growth play.
        Today we look at
        Leucrotta Exploration
which hopes to increase
        production more than 10
times over
        the next five years from
        Q3 production levels.
        Over the next 5 years, the
company
        has an ambitious plan to
        be producing 30,000
boe/day.
        Out of the gate, Leucrotta
        has the advantage of
        having no long-term debt.
        Ultimately, success will
depend
        on Leucrotta's game plan
        at its Montney formation
Mica project
        in Northeastern BC.
        When the company reported
Q3 results,
        production averaged 1,817
barrels of oil
        equivalent per day about
        18% liquids including
light oil,
        condensate and other
natural gas liquids.
        That production got a
boost late in
        the year in 2021 thanks to
results
        from its phase 1
        Mica well pad which the
company
        reported should allow it
to exit 2021
        producing about 5,000 boe
per day.
        The company believes it
will have
        diverse marketing options
for its products
        especially with
        LNG Canada's export
project still on track.
        The stock has
underperformed its peers,
        advancing only 3.6% over
the past 12 months.,
        but oil patch veteran John
Brussa
        has been buying over the
past month,
        appearing to bet that the
stock may play
        some catch up as growth
comes through.
        Well that is all for
        today and don’t forget to
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        the insiders guide us to
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        This is not a
recommendation to
        buy or sell securities and
        nothing in this video or
        in INK reports should be
considered
        financial advice
information is for
        educational purposes INK
employees may
        hold an interest in any
stock
        mentioned in our videos or
in our reports.