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Re: Kgem post# 5582

Friday, 04/15/2011 11:22:14 AM

Friday, April 15, 2011 11:22:14 AM

Post# of 31705
Kgem, just curious why you think that pumpers get 100 per barrel just becuase the futures are at $100 per barrel? Also we have no idea the quality of the oil (light, medium, heavy) nor the sulfur content. That all impacts the price. Plus we don't know if the reserve will support 24 BPD for a year? Still a few unanswered questions. It is certainly good news that the well is producing but I would be careful in any $ predictions over the course of a year.