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Tomstyle

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Tomstyle

Re: brokerman7 post# 1210

Monday, 11/16/2015 2:47:16 PM

Monday, November 16, 2015 2:47:16 PM

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I think they may be closer than you might think - they have the wells in place right now to come very close to break even after the El Paso deal. IMO i think that they are borrowing only the ~$225K+ right now because they think they can hit break even very soon - given the recent cost run rate, they will have to raise more in the next 2 months, 3 at the latest given 3q revenue.
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