InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,464.62
(
-0.16%
)
US TECH 100
19,220.00
(
-0.20%
)
Dow Jones
39,150.33
(
0.04%
)
Brent Oil
84.39
(
0.00%
)
Bitcoin
64,259.01
(
0.27%
)
Post# of 30644
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

JackStraw

Send PM Follow Ignore
Followers 0
Posts 2097
Boards Moderated 0
Alias Born 05/31/2007

JackStraw

Re: swimom post# 21749

Wednesday, 05/21/2014 1:14:01 PM

Wednesday, May 21, 2014 1:14:01 PM

Post# of 30644
The wells are low risk low production. That is PEII's business model. Secondary recovery does not relate to larger or increasing production from any individual well. You have it all wrong.
They need large amounts of money to put large amounts of low producing wells online. That is exactly where they are at. That is what the S-1 was for and exactly what the CEO said the money they draw down is going to be used for.
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up