I'm putting this under COE, because they are unhedged, and have...

I'm putting this under COE, because they are unhedged, and have about 700 bopd of production (when the roads are dry, that is).

Prices are US dollars, for delivery of WTI crude in those months .... the data came form the California Department of Food and Agriculture (http://cdfa.aghost.net/index.cfm?show=62).

The short version is that a whole lot of money is saying oil wont go below US$33.


July CL4N 34.74
Aug CL4Q 34.53
Sep CL4U 34.33
Oct CL4V 34.12
Nov CL4X 33.92
Dec CL4Z 33.72
Jan CL5F 36.54
Feb CL5G 36.15
Mar CL5H 35.81
Apr CL5J 35.51
May CL5K 35.22