RE: RE: Q2 info out The over spending thing is way over done here. In my view, you can't over spend on low risk oil wells. Every dollar spent is adding $2-5 in shareholder value.
Production is all important - so yes, the production results of the near term well additions are important...........but in my view, they are low risk wells.............the only question in my mind is do they come on stream initially at 200boe or 750 boe. I've been using the 200 number, with rapid decline to 100 and long term production at 50...........but it sounds like vro has been getting better results recently. Meaning these new wells are going to be good news or better than good news.
I am surprised there is so little volume following yesterday's release.