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Constellation Energy Partners LLC Message Board

  • rrb1981 rrb1981 Jan 10, 2013 8:38 PM Flag

    Oil Production

    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.

3.84+0.04(+1.05%)Sep 18 4:00 PMEDT