Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Fresh Tracks Therapeutics Inc V.BBI


Primary Symbol: FRTX

Fresh Tracks Therapeutics, Inc. is not engaged in any business activities. The Company is in the process of dissolution.


PINL:FRTX - Post by User

Comment by skiptoggleon Jan 03, 2019 1:54pm
160 Views
Post# 29182503

RE:RE:Non-Op

RE:RE:Non-OpThe 2018 Annual Report production figures include operated and non-operated production numbers. If someone was interested enough they could do some work to subtract the reported figures from the operated wells from the gross values reported.  However, we don't know the number of days of operation or other operating parameters (e.g. was flow restricted etc.) based on that calculation.  The company should have some knowledge of production because they receive compensation based on it.

From the annual report:

"Production in the current period was also augmented by higher liquids rates and minor volumes, primarily oil, produced from Blackbird’s non-operated Pipestone / Elmworth Montney wells that were tied-in during the third quarter of 2018."

"Gross means (i) in relation to the Company's interest in production or reserves, its "company gross reserves", which are the Company's working interest (operating or non-operating) share before deduction of royalties and without including any royalty interests of the Company; and (ii) in relation to wells, the total number of wells in which the Company has an interest. Net means, in relation to the Company's interest in wells or lands, the number of wells or acreage, as the case may be, obtained by aggregating the Company's working interest in each of its gross wells and across its gross land holdings."

Don2018 wrote:
As we are not the operator of those wells, the results are not ours to release. Whoever made that claim was just spewing nonsense.

Bullboard Posts