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Non-Tech : Kirk's Market Thoughts
COHR 191.28-0.3%Dec 24 12:59 PM EST
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To: rdkflorida2 who wrote (13296)3/12/2022 7:54:25 PM
From: robert b furman1 Recommendation

Recommended By
Kirk ©

   of 26838
 
Hi RD,

If the lease didn't pan out after feasability studies (seizmographic analysis) it won't and shouldn't be drilled.

They are not all commercially viable to build you know.

If an oil exploration and production company bid on 20 contiguous blocks (which fracking is maximized with longer horizontal lines) and drilled four dry holes, chances are the other 16 would not be drilled based on capital preservation.

That number is a very disingenuous red herring.

Bob
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