GREY:LSTMF - Post by User
Post by
chantal2468on Sep 24, 2015 11:19am
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Post# 24131623
bushhog1...ARE YOU THICK IN THE HEAD???
bushhog1...ARE YOU THICK IN THE HEAD???
I have just shown that if LTS spends 100% of cashflow in a $70 oil environment their production will remain flat.So how the F**K can can revenue and production go up at $65 oil???....Do you even have any clue what you are even saying?I am sorry to say but you are just throwing out meaningless statements that have no basis in fact.If you drill more holes then production will go up """if there were no declines in existing wells"""But existing wells decline at about 23% so there is a specific number of wells that must be drilled in order to offset those declines.You make the implication that drilling ANY number of wells will make production go up.You also make the implication that revenue will automatically go up if oil price rises""""but you totally neglect the fact that OVERALL REVENUE will go down because of the production declines""""I feel as if I am explaining to a child.Orlandofl and HouseofSaud had no problem understanding what I said with out me having to go into any painfully long boring detail.