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clock Created with Sketch. 24/07/15
13:18
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Originally posted by acreage
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Hi there Rob79,Expected Bakken production back then was, 2,000bopd and today it's at 900bopd and yet to crack the 1,000bopd. Thats a big disappointment I would say, especially considering the 900bopd is not just the Bakken, it is the whole coy production . It wasn't the shareholders who set the benchmark it was Management.TB has a lot on his plate and i understand it's a tough business to be in , especially these days with the current POO but, my sincere question remains, how will the company fund future drills in order to keep above that dreaded decline curve ? Debt is building and cash is very hard to come by.
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Just to add, it depends on what/who's yardstick you use to measure success. Some say Management have done a good job under difficult circumstances. Going back 5 years ago when cash was at TB's fingertips I would say life was much easier, is it a case of they should have made hey when the sun was shining ? Very difficult environment for TB today.
