% | $
Quotes you view appear here for quick access.

Constellation Energy Partners, Ltd. Şti. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • rrb1981 rrb1981 Nov 18, 2012 5:18 PM Flag

    Lack of Production Growth

    Again, you show your lack of knowledge of PostRock. No amount of management overhead synergy can compensate for PostRock's enormous debt load. None.

    CEP's windown of opportunity has likely passed them by. Will they survive, likely, but it is going to be an uphill battle. All of the cheerleaders keep preaching about oil production growth...but where is it? Quarter after quarter we see them average 320 bbl/d. I've seen some folks here making wildly optimistic projections regarding oil production. Management needs to start giving far better info regarding how much money they are investing on oil production. Masking capex by calling it drilling, recompletions and work overs is a joke.

    Annual oil revenues are in the $11 million range. CEP is investing this amount or greater and yet we see no appreciable gain in oil production and continued decline in gas production.