GREY:ROAOF - Post by User
Comment by
Darilonon Aug 23, 2007 1:05pm
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Post# 13290803
RE: Please provide any hard evidence...
RE: Please provide any hard evidence..."I'll be glad to hang around for another year Darilon, the next 3Q reports will provide direction, won't they?"
Not entirely. They will show us production for Q3 from Brenda/Nicol with an approximately 15 day shut down. They won't include new booked reserves as that comes at year end. They will include operational updates on stuff we basically already know via press releases. The interesting thing will probably be daily production from Brenda/Nicol exluding the 15 day shut down as that will give much better guidance for future production. A year from now however will show us much more. We will have booked reserves including part of the reserves from partly developed fields but not the final numbers. We should have a pretty good idea what's in Brenda Nicol by then although another year of production will be required for full evaluation. A year from now we should have much higher production as new fields are brought online.
By the way, the Pict field is a red herring. If they'd done the right thing (ie: what Oilexco is doing with Sheryl) they'd have not developed it as a standalone.