BOEPD is a fantasy figure - oil & gas industry work gas out at 1 for 6(energy equiv) but the real pricing is 1 for 20($2.50 to $50) so real BOEPD is 910 for March IMO.
So hold off on that party.
At least their 1P reserves are twice the amount they've borrowed but they're not making any margin to invest in further drilling or pay down debt and probably now only have a small cash balance of less than $2mil. Interest of $1mil pa is not crippling but any further falls in the oil price will be.
SSN Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
