RE:RE:RE:RE:RE:If Oil averages $77Resilence....Obsidian released their recyle ratio for PDP...many companies do:
"The strength and profitability of our assets was demonstrated through 2023 recycle ratios of 1.8x for PDP, 1.6x for 1P and 1.9x for 2P,"
I interpret the data to be showing alot of oil reserves from each new BNE well is produced very quickly...in the first year.....
It also calls into question how sustainable it is for BNE to keep plowing 90-100M a year into same asset.
Not picking on BNE...have same concerns for YGR and IPO and Petrus....