News Focus
News Focus
icon url

RG

03/07/11 1:09 PM

#8919 RE: cap994 #8918

Lots of wells were abandoned due to the recession that was coming and then showed up. Oil bottomed out around $30 a barrel in 2009 and look where it is now. That's why wells were capped. How many of them are now viable to come alive with minimum costing? That's where Michael comes into the picture.
I like the PR and expect to see more like that in the future.

http://futures.tradingcharts.com/charts/COM.GIF
icon url

shadysback

03/07/11 1:16 PM

#8920 RE: cap994 #8918

I have to say I'm pretty shocked with this caliber of news that we are not generating more volume.