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Timothy Smith

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Timothy Smith

Re: DocLevi post# 82

Wednesday, 03/11/2015 5:58:05 PM

Wednesday, March 11, 2015 5:58:05 PM

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I believe that metric is relative only to finding and development (drilling only) as completion is the bulk of the cost. The industry's break even is much higher then where we are now solely on drilled and completion costs. The debt concerns will come after we see how the banks write off reserves after first quarter.

Purely my own opinion. Do your Due Diligence.
Oil and Gas Stocks | Micro Cap | Small Cap | Mid Cap

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