GREY:ARWJF - Post by User
Post by
davproon May 13, 2014 12:12pm
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Post# 22555688
We need to drill wells to stand still
We need to drill wells to stand still letsgetready... essentially described the basic premise that is true for every driller in the oil game. Every single well will deplete some faster some slower... the differentiation between a good driller and a bad driller therefore relates to who is drilling sufficiently well enough that the cashflow from subsequent production both covers the cost of the drilling and provides cashflow for future expansion. Absolute production numbers will tell you nothing about that, that is only available in the financials and for ARW the numbers are positive and the way forward would seem to be less risky than it was just 6 months ago.
Green do yourself a favour, stop trying to correct everyone else's opinion... its unlikely that you would ever succeed at it but its a dead certainty that they will blame you anything they percieve as untoward.