Total cost of production for developed properties are reported to be around 40 MM$; whereas 1 year prod cost for 2014 was over 50 MM$. It is strange how come cumulative cost for several years of future prod will be less than 1 year cost. Did Netherland Sewel make a mistake. If they did it is a big 1
SJT has PV10 value of $6.61/unit but the stock sells for almost twice the PV10 value; whereas VOC has PV10 value of $12.3/Unit but stock trades at 5. I guess there are no shortage of dumb people in investing world
your jan 2015 figures are wrong. I just checked RRC website. And believe me there is no way oil prod will drop from 200000 BBL to 70000 BBL in one month.
you are totally wrong. Jan 2015 prod is still not been posted by RRC. This is a great co. You can not go wrong when CFO is an Indian
Hey 1st World
You have no clue. Last quarter they spend lots of money in development cost which does not repeat every quarter. I guess you are not in oil business. I am