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Re: Tankorswam post# 7107

Wednesday, 09/23/2015 12:28:27 PM

Wednesday, September 23, 2015 12:28:27 PM

Post# of 24500
Hi Tank, could be, but most companies keep the spicket turned on... cash flow is critical. Had an uncle who said he made profits even at $12 a barrel. All depends on what time period they drilled, or if
they purchased the active field then at what price.

So then, what are the production figures when acquired, and what are
they now? This info should be available in the state agency/commission that regulates mining. Now is the time to be drilling as well because those costs have plummetted too.

This company is like a grasshopper jumping from field to field.