Post by
stockeditor on Nov 30, 2014 1:21pm
These wells when brought on stream have a very low
break-even price, because we are not drilling all that deep. Do not forget this is an exploration Company, with no debt, they are identifying and adding to their oil reserves. They are not in production, the price of oil has no barring on their reserves , since a flat price of 15 or 10 is applied to their P1 and P2 reserves. Do your own, DD.