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Alias Born 02/08/2001

Re: None

Thursday, 01/22/2015 3:56:28 PM

Thursday, January 22, 2015 3:56:28 PM

Post# of 7210
"Budget still to come. Drilling will drop from 4 rigs today to one righ by end of second quarter. Have flexibiltiy to scale/reduce spending."

Isn't this kind of a double edged sword??? Yes the price per bbl of oil is historically low BUT does that not make the cost for drilling lower due to lessening demand??? Since we are not near production current prices should affect AOI in the near future. Also were the production costs for Lorichar addressed that I missed??

Al