Brent oil price is more representative for oil produced offshore. The latest Brent price is around $110 per bbl.
Your last sentence is the one that is going to be the final undoing of this company. It's just like ATPG entering all those NPI and ORRI agreements while they were fiddle farting around with the Titan debacle.
I had to take a good chunk off the table. I've held too much of this POS for too long. At least it gave plenty of opportunities to average down so that this pop gives a nice exit.