SSN 0.00% 1.5¢ samson oil & gas limited

"Buc, in case you've forgotten, Credit Facility is 1P PDP...

  1. buc
    7,791 Posts.
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    "Buc, in case you've forgotten, Credit Facility is 1P PDP Reserves based. If you produce your reserves without replacement then the logical thing is your borrowing base goes down (static price deck"



    I thought cash was King?

    Anyway, going by your theory, if Bluff proves to be 550K BBLS........
    it's game on..........borrowing base increases exponentially.............right?
 
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