GREY:STPJF - Post by User
Comment by
Eyeinvestoron May 07, 2014 11:58pm
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Post# 22536982
RE:RE:RE:RE:may be other reason for third ICD delay
RE:RE:RE:RE:may be other reason for third ICD delay
Happy to answer those questions for you now. ........................................................... April prod numbers? We are not providing monthly updates during the strategic review process/ .......................................................... Scaling back in March? We observed a change in operating conditions and we prudently reduced steam injection, we have been steadily increasing steam since the end of March and we are currently significantly above 400bbd but still less than previous peak rates. Again we are not disclosing April data. ................................................................................................................... Potential suitors-potential sale? We have not made any announcement regarding a potential sale. The board is looking at a full range of strategic options with a number of different parties and there is no guarantee that a transaction will result........................ ........................................................ Eye reckon this is about what you will hear. ......................................................... Eye owns debs...but eye think selling STP stock on a two week scale back number from one ICD is fraught with risk. The production is already rising again AND they could announce a deal at any time in the next 4 weeks that will make a sale at these levels look silly.