Twin Butte Energy Ltd TBTEF

RE:RE:Excellent Q and debt reduction

[Rocky7777]

Rocky7777 wrote:

Papagallo wrote: The dividend cut was prudent and the s/p will respond immediately.

Spelling corrections: With all due respect papa, I failed to see how excellent this Q2 was. I personally don't like to take shorty's role here, but I was hoping for a better results; in the Q1 of 2015 they had 25.2 million of capital expenditures and were able to drill 17 wells 14 of which were oil producers compared to this Q2 they had 17 million of capital expenditures and they only drilled 6 wells. Also they were looking to reduce debt 35-40 million, they were short by 10 million. Finally for their production they were short by 150 boe/d which was not really a big of a deal except I was hoping they would be able to beat the number they presented in May 17500 boe/d considering the new 14 oil producers in the Q1 of 2015 and the "Quick spud to on-stream times Less than 45 days" as they claim. I think I am with condor camp here; it is going to take a long time to recover. Good luck to all. R7 soon