thaca will generate $100M free cash flow this yearI know it seems hard to believe but if they can keep their opex at the committed amount of $30 per BOE and their Capex at $50 M they have an average production of 10,000 BOE per day hedged at $61. Regardless of crude prices they will be getting $61 per BOE for 10,000 BOEs of production (1,000 BOES above their production guidance of 9,000 BOE/day. They will generate $16.5 M of FCF per quarter 1,2 and 3. For Q4 for at $35 crude and production of 25,000 BOE with 10,000 hedged at the $61 and opex of $25 they will generate $51M of FCF for a total of ~$100M....so as of year end of this year their net debt will be reduced to ~$565M and in 2017 if crude averages just $45 per BOE and their capex increases to $80M they will generate $200M of FCF and their net debt will be reduced to $365M. Not too shabby for this terrible market. Be good ferret!