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Bobwins

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Bobwins

Re: Ed Ajootian post# 594

Friday, 11/11/2011 11:54:02 AM

Friday, November 11, 2011 11:54:02 AM

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Yeah, they probably did their highest payback recompletions first so unlikely to get a pop from remaining workovers enough to get them to 4000boepd and beyond, which they would need to avg 4,000boepd in Q4. BUT oil prices have firmed up and appear headed for $100WTI, which means $120/bbl for Saratoga and their oil production.

3350boepd X 66%= 2310bpd liquids production.

$10 gain in oil prices X 2310bpd X 50 days left in the qtr=1.1million so hope springs eternal!!!!



Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.

If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE

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