Q1I believe that the underperformance for Q1 is to be expected going forward. The company's tactic of producing at what they consider the most productive levels, regardless of new well limits. This causes overproduction and periodic shutdowns after GPP levels are approved. Company maintains that current tactic produces best early cashflow to finance new drilling.
The negatives are the lumpiness in production and difficulty in predicting future production and cashflow for investors.
The oil is still there and in the long run, the EUR should be about the same as long as the wells are not damaged by the shutin.
I was encouraged by the new acreage but a little disappointed in the new well production.
Bobwins