GREY:LSTMF - Post by User
Comment by
bushhog1on Apr 02, 2016 12:17pm
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Post# 24723657
RE:RE:BOUGHT MUCH 0.335? HOPE ADD MORE 0.2 RANGES
RE:RE:BOUGHT MUCH 0.335? HOPE ADD MORE 0.2 RANGES John Wright
That's what we're planning for Sam. As I mentioned on the call, we do have our borrowing base redetermination as you were talking about. Because we have curtailed spending and prices have come down at this time unless we see an upward change in prices, we do expect a reduction in that borrowing base.
To what level, I can't say at this point. We're early in the borrowing base process, but all else being equal, it wouldn't be unreasonable to expect that. So we just wanted to alert shareholders and the market to that fact and then also to the fact that if there is a liquidity risk associated with that, then we do have other options available to us.