Like everyone else I have no idea when the markets will recover. Other than the next roiund of self-operated drills and infill wells we could experience a slack H1. Even if it should become the case, there is reasonable assurance in the steadily accumulating cash reserve. I would expect SOS/RFW to use this period to their advantage. Two articles, amond many, caught my eye -
2014 (10 months Jan - Oct/ average Oklahoma crude prices in $/barrel) 90.81 96.40 96.84 98.81 98.35 101.73 99.24 93.47 90.43 81.46
The real crunch began in November. Discounted values should therefore start showing up on the company's books commencing March 2015. It assumes receipts from principals lag by up to 6 months following delivery to Cushing.
I sent an e mail to Rita with seasons wishes and requested a best guess or actual BOEPD figure as soon as possible in the new year.
I hope It doesn't put her on the spot to much as I would not like to influence or spoil the news flow, worst case will be end of year results but hopefully an indication before then, a good number might get us out of the doldrums lol.
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