KOKO is prfotitable at these prices. I think anything $3 or above is profitable. Probably need around $4 for the market to really reward us for it though. Patience is key. Current price is probably an opportunity. we will look back on and say woulda, coulda, shoulda. Color me long.
OK - I should have said will be when they produce. But I think you know what I meant. We need gas above $3 when KOKO goes online with production. They have been slow rolling waiting for NG prices to begin recovering. That recovery is underway. Hopefully, we will see prices above $4 in 2014. Many companies need prices well above $4 to be profitable. At $4 we are in good shape with the wet gas.