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re: Crude below $50

Posted on 1/5/15 at 4:12 pm to jimbeam
Posted by Salmon
On the trails
Member since Feb 2008
83653 posts
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Posted on 1/5/15 at 4:12 pm to jimbeam
Right

But you don't make money on Phase I work

You make money on Phase II. And for a Phase I to go to Phase II, its almost always an O&G property
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