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Drill Baby

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Alias Born 02/28/2014

Drill Baby

Re: None

Saturday, 05/21/2016 11:59:03 AM

Saturday, May 21, 2016 11:59:03 AM

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CRC's, at $50 ($40 realized), profit margin is $20/BO. Producing ~150k boepd or $90 MM per month.

Debt is about $5.6B and trading at $0.13 on the dollar or $728MM.

At this oil price, CRC could be debt free within a year. Very little Capital expenditures ~$50 MM per year.

Cash flow over $1B per year. We will see...

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