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Re: Hamilcar54 post# 9161

Friday, 12/11/2015 8:30:18 AM

Friday, December 11, 2015 8:30:18 AM

Post# of 25813
so...basically means dead-money for a few years.

is there anything to compel any of the parties to drill sooner?

Oil price is in the crapper; drilling costs are low (at least that's one good thing).

maybe 3-4 years from now oil goes back up to 60, 80 max....drilling costs, of course will go up.

odds against drilling in 2016 might be 95-98%

GLTA