placement, page-28

Trader,

you mistake my point for being narrow when its actually over-arching. My point was, that management want to increase production as fast as possible, which you apparently agree with. I listed reasons for this alongside my reasoning of oil price, if you bothered to read all the posts rather than just trying to call someone out.

Oil price being high (as in trading in a high range, day-to-day volatility not really useful considering they would contracts to sell at a price or price formula) is another reason to extract reserves as quickly as possible. Do you not agree that 2000 BOPD at 75$/barrel (current price) would be preferable to 2000 BOPD at $30/barrel or $60/barrel. Thus extracting quicker has an ADDED (not the only, just an ADDITIONAL) benefit.