Ann: Wireline Logs Confirm Substantial Oil Pay in White Hat 20-6, page-6

@ChinaSyndrome Me Old China,It very hard to say but the first thing to try and work out is how much it going to cost them to get a barrel of oil to market (refinery) I currently have 2 junior oilers WEL it cost them around $10us a barrel because they just do verticle well so fraccing is cheaper and have an established oil fields so the chance of getting a duster is reduced. The other is WBE their cost per barrel is alot higher as they drill horizontally hence more fraccing but have larger oil field. it comes down to flow rate you can have a mega oil field but if flow rate (BOPD) is to low it just not worth pumping. PS not a good time to hold oil stocks more little oilers are dying from corona virus than people.