Ann: Addendum to Bird 13-18 announcements of 9 and 11 Oct 2017, page-40

Autosime>
If you read what I've posted correctly you'll note that of the $20+ profits I've allowed $10/bbl for extraneous costs. Retrace to the directors stating that they are profitable at $30/bbl. If that's the case and with oil selling at $50+/bbl then I'm understating the profitability big time. Then you're confusing the decline rates of fractured tight shales with the open flow Florence shales. The facts are available, just do some research. Good hunting.