RE: Well done here very cheap.26 Mar 2020 10:56
You have to DYOR work out what our actual oil output is (less the gas) ... then work out what it will cost if that oil is sold at, say for example, an average of $3 loss per barrel... even for an entire year.
You may be very very surprised at how small that number is in the general scheme of things.
We have around $300m unrestricted cash.
Capex is adjustable.
Was it Buffet that said... "the cure for $25 oil is $25 oil" ?
Rockrose is very robust.