They took control of their own operations and have had great success in their first 8 (?) wells, with above average results. Since oil has come down this much, they have suspended drilling new wells for the time being until it makes sense financially to drill more. I listened in on the last presentation and they were saying they're right around breakeven costs at oil prices in the 45-50 range. I think they were doing excellent before oil prices came down, but now it's all about surviving and they do have debt through Apollo that needs to be paid in the meantime. I'm holding all my shares I bought in 2012.
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