Konfi,
LOE is less than $10 per bbl so current wells will keep generating cash
Last presentation showed the IRR at various oil prices. Even at $60 oil there is a good case to keep drilling.
Its just a matter of how many wells they want to drill per month, and if cash flow does not fund it, will they get a loan / raise equity. But this a purely an option. They don't have their backs to the wall by any means.
Whats with the sell off?, page-52
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