Its commercial now, page-24

Here are the facts on A-4 with oil around $100 per barrel.
2013-2014 annual report. Page 31.

Revenue from the sale of hydrocarbons $3,386,397

Costs of production $3,013,690

No Admin $941,708
No "professional consulting" $982,539
No Finance costs $1,904,972
No employees $512,235

The costs involved in the A-4 well is listed at $9,821,000. (Q's)

Income above production for FY with oil around $100. Just $372,707

No debate.
A-4 is not commercial at current oil price. Full stop!!

As for future oil prices.
Well that does not look good in the next 6 + months. With NYMEX futures price projections showing an average oil price of around $68

Source EIA. (US Energy information administration)



Any oil company that can not support costs and Admin. (Not with standing exploration costs.) Is simply not economical.

CTR will now have over $7m in debt. Loss last FY was over $8m. It will be a lot worst this FY. (IMO)

Texas is a high cost dog where wells have to be fracced or drilled horizontally drilled. They will never be economical (Return out ways cost) as has already been shown and is why Range had been trying to sell them since 2011. And why no one wanted to buy them.

Use what ever pump is coming to get out. They have failed investors not only here but with a long history. A couple of "new faces" will change anything. (imo)