RE:and speaking of dullards. Those who want a dividend New here. What kind of decline rates will these horizontal wells have- I couldn't tell from the graph in their last presentation. I hope they pay off the debt and then do both share buy backs and a dividend. They will have lots of cash. I also see in their presentation that they have 3 routes to market but with limits on two I think it was. Can they get 26000bopd to market? ONP seems problematic?
That last presentation also indicated their expectations of 22000bopd this year but they were doing 20 to start the year, just added 10 and have 5 wells to drill this year. So if they average 3000 per new well they could produce 45000bopd unconstrained without decline factored in. Batman, that is a lot black gold for a .72 stock