These clowns better show oil production numbers in the 350+ bbl/d or it is going to get even uglier.
Revolver continues to be lowered, and I would expect another $5 million cut in 6 months, perhaps even a $10 million cut.
Hopefully management has found a way to cut $1/mcf off their horrendous SG&A.
Also will be interesting to hear if these clowns have found a buyer for the Black Warrior basin production.
As I recall, the only really redeeming feature of the BWB assets is that the decline rate of the production is less than 6%...which is manageable.