Cmonaussie - I understand, tis why I posted a link to decline curve analysis papers ......
your "debt star" is kind of appropriate (imho) ......and it will only take a small downtick in oil price to wipe-out remaming access to funding ......without which, well decline will most likley, overtake "hedged possy" .......and then its night out (this is just an example, not SSN specific .......)..
MMMJ - you may wish to chk the "terms" of credit provided ........there is a "cap" on GG&A .....
FYI - if you see an indebted shale play "closing out" its hedge book ........be very very aware of what this means ......
rgds
V_H
SSN Price at posting:
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