Too someone with cash it would be worth buying these assets, shut the wells completely for 6-12 months, or perhaps until the oil price reaches $60-$70 plus..... Nice profits.
If oil stays around $40 for a longer period, there may only be three options, imo. Sell assets, raise capital, or ........?
Or if oil bounces strong from these levels to $55-60 and $70-$80 in 2016 due to an unforeseen event.............. then saved by the bell so to speak.
Just my opinion
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