aok, the next growth phase..., page-2

Good post WR.

I think (profitable) production is key also. Lots of articles now stating a glut of land and falling prices. The penny is dropping that unprofitable drilling to HBP can't be justified. Also makes companies highly vulnerable to a drop in oil prices through economic downturn / increased production from OPEC. OPEC produces as $20/bbl !!

I think 1000BOEPD by EOY 2013 and 2000BOEPD by EOY 2014 is achievable. 3K a bit overzealous and likely to disappoint. $20 Credit facility should also be achievable, though perhaps a updated reserves report may be needed to get it to that level.