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kipp440

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kipp440

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Re: bbotcs post# 6994

Monday, 10/11/2010 12:44:14 PM

Monday, October 11, 2010 12:44:14 PM

Post# of 17739
ATPG

The main concern has been whether or not they were going broke. Approx. additional cash flow from this new well of $575,000 per day translates to $51,660,000 per month and will keep them operating. They have more wells coming that can be hooked up and I think they are in the clear as far as bk being a possibility. The drilling ban will be lifted as importing $80-100/bbl dollar imported oil will be political hot potato.

The 42% short interest will come in to play at some point as they continue to produce cash flow.

My 2 centavos.

Kipp
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