Osage Exploration and Development Inc (OEDVQ)

[youcantrustme]

In the presentation Zack stated that they are right around a breakeven point with today's oil prices in the mid 40's range. Obviously there won't be much profit but they would be able to survive it seems. They also have the option to let go some of some land/assets to make sure they can pay debt note in case of trouble.

In the presentation you posted, I liked Slide 14. If you take the optimistic route on the three key points, you can expect a 20-35% profit at $55 per barrel if the MS wells trend stays. $55 is not far off the current price if we do get a bump up.

I'm down close to 30 grand on my OEDV holding so it's certainly one that I focus on a lot. If oil hits $30's or even $20's, I will reevaluate but for now I'm just staying the course and taking emotion out of it - hibernation mode.