GREY:LSTMF - Post by User
Post by
chantal2468on May 26, 2015 9:11am
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Post# 23764123
I think you will find that at least 50% of drillers
I think you will find that at least 50% of drillers
have some properties that are profitable at $30 netbacks....and most of those have operating costs between $10-$15..take out the royalty from 10%-15% and you find that there is a lot of drilling can be profitable between wti $50-$55....As JD Wright stated,LTS could drill now and make minor profits BUT they have chosen not to squander their resource by selling at small margins...LTS is waiting to convert their proven reserves when margins are moderate to high.Makes sense to me if it is the truth.