I thought the deal was that once you had enough production wells...

I thought the deal was that once you had enough production wells then that was it from a drilling perspective and you just started steam cycles to keep it flowing (yes at low rates)

i.e. once they had the 14? wells drilled then it was no more drilling just steam cycles (which probably isn't that cheap)

Even so John said that he was making $50 US a barrel margin on oil at $85 so can't wait to see what they are making now on $130 a barrel...

I love the company...