Valiant DealWe swapped or sold off just about all of the Valiant exploration drills. I believe once the smoke cleared we even made 6 or 8 million dollars. So all of this drilling was FREE to Ithaca. Of course it would have been nice to have a hit but at least we did not lose any money.
At the end of the day our production is solid and the price of brent is very good.
How low will she go??????? one never knows but you know you are getting good value at this price point.
Sercond quarter earnings will be very strong and the year end earnings will also break all records.