00:00 - 00:03Good morning, I have asked Engineering to join us today
00:04 - 00:05to discuss our program
00:05 - 00:07in the Bakken shale play
00:08 - 00:12where we have drilled 393 wells, only 26 have paid out costs...
00:12 - 00:15and where we now have just 16 locations left to drill in our core area.
00:17 - 00:19Yes, well, we need more money...
00:19 - 00:21we can fix this, we just need more money.
00:24 - 00:26Boss...
00:27 - 00:28the bank...
00:31 - 00:33the bank has revoked our revolving line of credit...
00:34 - 00:36we are now kaput.
00:53 - 00:58OK, I want all reservoir engineers who promised me 1.5 million BOE EUR's to leave the room, now.
01:13 - 01:15SHIT ! I NEED MORE MONEY
01:15 - 01:17I HAVE TO HAVE MORE MONEY !
01:18 - 01:23WHERE ARE ALL THE PUD's I WAS PROMISED...THOSE IMBECILE ENGINEERS IN THE HALL HAVE
01:25 - 01:28FAILED, THEY HAVE FAILED US ALL
01:29 - 01:31I WANT THEM ALL SHOT !
01:31 - 01:34SHIT ! $23 OIL PRICES, NO MORE FLARING, 18% INTEREST
01:34 - 01:37...NOT EVEN EOG CAN MAKE A PROFIT WITH THESE PROBLEMS !
01:37 - 01:40I NEED MORE PUD's, MORE RESERVES...MORE MONEY !
01:40 - 01:42Boss, I cannot just make reserves up out of...
01:42 - 01:46YOU DOOMKOPH, WE HAVE BEEN LYING ABOUT RESERVES FOR 10 YEARS...
01:46 - 01:48Sir, the SEC is already on our asses, they will...
01:48 - 01:52SWINE SHIT ! I DON'T CARE ABOUT THE SCHTINKING SEC, THOSE IDIOTS...
01:53 - 01:54AND I AM SICK OF SHAREHOLDERS TOO
01:56 - 01:57THEY WANT FREE CASH FLOW...DIVIDENDS...
01:57 - 02:00NOBODY CAN DRILL THIS SHALE SHIT AND DO THAT ! I AM NOT
02:00 - 02:03A MIRACLE WORKER...WHO ARE THESE IDIOTS ?!!
02:04 - 02:08...AND FIND ME THAT DUMBASS ENGINEER WHO STARTED USING 18% TERMINAL DECLINE RATES
02:08 - 02:13I WANT THAT PERSON SHOT, SHOT I TELL YOU ! SHIT, THIS IS UNBELIEVABLE !
02:14 - 02:16HOW CAN I PAY ALL THE NOTES WITH THESE PROBLEMS ?! WHO
02:17 - 02:21IN THE HELL DO THOSE BANKERS THINK THEY ARE ? SHIT !
02:27 - 02:29We are going to lose our jets...
02:30 - 02:34HOW CAN I FLY TO NAPE EVERY YEAR WITHOUT A JET ? THIS FORSCHTINKIN'
02:34 - 02:36JOB IS WORTH WAY MORE THAN $ 18 MILLION A YEAR !
02:41 - 02:42I hired all you worms from Halcon...
02:43 - 02:47because...YOU SAID THIS TIME YOU COULD GET IT RIGHT, THAT THIS TIME WALL STREET WOULD LOVE US !
02:48 - 02:53YOU DUMB BASTARDS CAN'T FIND OIL ON A GARAGE FLOOR !
02:54 - 02:56We must sell what assets we have left...
02:56 - 02:59we need to do another MLP, a royalty trust...FIND SOMEBODY TO DO A JV WITH
03:00 - 03:02HELL, MAYBE THOSE NINKAPUTS AT OXY WILL BUY US !
03:04 - 03:07See, we can go to work for Vicki Hollub.
03:14 - 03:16Where is my chief financial officer ?
03:19 - 03:23He said he could keep the books cooked, that there would always be money...
03:25 - 03:26...always.
03:31 - 03:33I want that sumbitch shot before nightfall.
03:40 - 03:46This is it boys. Those asshole analysts on CNBC ruined us, our shareholders will
03:46 - 03:49surely fire us all and send us to the Russian front.
03:53 - 03:56It's colder there than North Dakota.