guessing you mean500 bopd not bops (as I do not know what bops is and s is close to d on keyboard so got typed instead)
Agree they need more than 100bopd to stop cash burn , but maybe poster bruutz was basing that per well and if they have 3 wells pumping plus their Kentucky wells pumping at say 40 wells per day that would give them 340 bopd.
Of course the other factor is well completion cost from memory they were talking $250K which still seems considerable and also location probably means they are at least $10.00 below brent price of oil
If they can get 3 wells pumping and it looks economic I would hope they hedge forward half their expected production for a year
What is this about increased salaries I thought they had halved staff numbers?
AKK Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held
