RE:RE:RE:RE:Financial results 2011-2021 yes, that makes a lot of sense. Well said
1234bmth wrote: Oil wells or rigs are not like our kitchen sink that whenever we want to open the tap to flow the water or if we want to close the tap to stop the water, most of them can't be used at all and some may need repair if they are not used for a certain period of time, therefore it needs cash investment to ramp up production and that would be very risky for companies like BTE to not paying debt down and invest to grow production while oil price is high. There's no garantie that oil price will stay at this level. If oil price drops higher production will not help the company, but lower debt will help a lot.