Post by
Uchuva on Apr 03, 2013 11:37pm
Recovery Plan to 40 thousand BOPD
It would be very interesting to hear from the executive on the planned production recovery plan to take the company where it was before back up to somewhere around forty thousand barrels of oil produced per day. Surely they must have a plan to recover from these low production numbers. The only worry I have is that the oil wells are watering out and they have no way to handle the extra water perhaps. There must be Somme kind of environmental limits typically in those kind of situations. Where did the oil disappear. We have never seen the explanation. The stock continues to slide and how much longer will they be able to pay the two percent dividend every quarter. If anyone can shed some wisdom on what they have heard of a company recovery plan it would be appreciated. We need to hear abouttheir oil flow assurance plans in order to feel comfortable about future dividend flow assurance. Otherwise no money will flow. The production keeps sinking with no stabilization and no evident plans. Budgets for finding oil with the drill bit and new reservoirs have been shrunk. Now we need quality flow assurance and recovery plans. To slip in production to nearly half in a short time is abnormal production decline. Very strange situation.