Two things I’ve stated yesterday which are identical to brokers:
1. Failed flow testing and can’t be recovered without additional infrastructure 2. Very thick and dense oil which needs huge amount of processing and refining which significantly reduces profitability and demand for the product
Reminder you own 30 percent of the oil and after tax and royalties you’re left with around 15 percent of the oil. With less profit, less demand and spending more more money for infrastructure and additional well testing it all hits the bottom line. 1 billion dollars for the basin right now still priced in. But you will still get out as it will run back up anyway. AP mislead everyone with his constant garbage about filling trucks and selling them straight away and investors know this is exactly what his been saying
