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3,656 Posts.
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15/05/18
09:42
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Haha, so you see production doubling from workovers of fracked wells? You don't see any decline happening?
Have you researched the decline curve of fracked wells?
If it doesnt get less then $55 why has management previously said they were cashflow positive at USD$40?
Breakeven for alot of Oilers is well less then USD$55 a barrel (unless you include drilling costs - which I assure you FPL are not).
These guys have only survived by diluting the SP to buggery, expect more of the same.
$400k net cash at the moment, CR will not be far away.
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