RE: 72000bpd exit ?I thought the company just gave guidance on exiting at 72000bpd ? Am I missing something ? Won't exiting 2010 with just 40000bpd be construed as a negative? They are really under the gun. If they are at 22000bpd now, they have to make up 50,000 barrels in the next 9 months, or avg approx 5500 a month increase to hit that 72k target.
Is that even possible - can they do it ? What is a reasonable number per month for them to grow at - only 2k?
I just pray we don't see another PP at sub $2 - that is just a killer. Why weren't they raising money at $20-$25 ? maybe they were - I don't go that far back with this company. But a ton of companies always do it backwards - raising cash at historical lows - and sitting back at historical highs - doing nothing and thinking it will last forever.
