Banter and General Comments .. BRK, page-11077

depending on oil price I really hope for the sake of shareholders here they will consider taking on debt to accelerate full field development. As soon as their first batch programme can be considered a success, if the oil price is good enough to justify it seeing them take on debt to get the field developed could be a value positive proposition imo.
More so if oil prices are strong $85+, as the commodity price will more then offset the debt cost.
Likewise there is risk if the oil price were to drop say even to $60 wti as the first batch of wells come online it will substantially effect the economics of the wells, drag out payback and reduce free cashflow and guarantee a continued stagnant sp.
Company is in a decent position but good times are far from guaranteed imo.
Good luck everyone, sorry for the negative outlook, just calling it as I see it. Still potential for this to do well and I hope it does for the sake of everyone who is invested here.
Oil prices could still rescue us or dam us, can't imagine oil going any lower then $60 unless a desperate Russia floods the market or even saudis (it's happened before) but at same time would only take a couple things going wrong to see $90+ oil again.