Is this a problem?
I have seen stats that during the 4th Q hedging was on 91k barrel for 2014 (1000 b/d) and for
2015 the amount of barrel is around 261k((715b/d) barrel. These are not huge number when
you consider that sea boosts of 8000 boepd exit rate for 2014-- better than nothing.
2. As of Sept 30th they say 55 million in cash and 65 million left of credit line
The question is how much do they owe on their line.
3.The big question is what are the cost to produce and can they profit and have
enough money to develop when WTI hovers around $66/barrel
Appreciate thinking and in the know opinion.
good luck to all- the oil patch within the state has been slaughtered and then chewed up twice
and we are all hoping that the stock carnage will stock
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