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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: JimisJim who wrote (9184)4/14/2008 7:23:22 AM
From: Rattle_Shot  Respond to of 50756
 
NO. I don't think it will effect world oil prices, it may provide some investment opportunities, some of these wells are still flowing at 1000 per day after 2 months. Rumor has it the better ones are at 3000 per day. I just rodded one up that was flowing 200 per day after a year of production.

These wells are economic at roughly $40 per barrel. if oil heads lower and these companies taking a beating it may be an opportunity.

JMHO

Rick


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