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Ann: Appendix 3B, page-8

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hombre cara

30,559 Posts.

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20/05/20

12:24

Post #: 44724161
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Originally posted by RSD: ↑

Trying to predict what is going to happen in the U.S. is very difficult at the moment, they are coming into their summer which should help a bit, from memory Texas has a republican governer and has reopened but their case numbers are still going up -

With every state affected differently and each state using different tactics due to either their cases or political allegiance the outcome for each state is going to vary markedly.

As for why we are drilling for more oil - producing LLC means that we are producing a premium raw product, our cost of production is probably lower than that of shale oil producers, but I think that your question is a good one and is probably worth putting to management - in times like these cash in the bank is king.

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..like the idea to drill while costs are down and having full production ready set to go when prices rise rather than being six months behind later and trying to compete for rigs.
All for them developing as many blocks as possible ready for full production as prices and cash flow allow..

BYE Price at posting: 15.5¢ Sentiment: Buy Disclosure: Held
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