Look you guys this is a wild time in the oil patch

Look you guys this is a wild time in the oil patch , with the price of oil in free fall getting a loan on future production you would have to get a hedge price of around $35 for at least a year on 80 % of production . We would need to get our lifting cost way down . This can be done and if we get a good deal then oil comes back up and we get less of our oil hedged , that's when we make the big bucks .