TSXV:CLAS.H - Post by User
Comment by
horizontalfracon May 01, 2013 6:28pm
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Post# 21326313
RE: IN THE DARK!!!
RE: IN THE DARK!!!So much for clarity and guidance. The report is more about what isn t said. The canaquay well has had a material change and so must be reported under the rules, a drop in production from 618 bpd 62% water to 450 to 500 bpd 60% water. No change at flami means still pumping about 800 bpd again according to the rules. I agree with blog statment about the casing of the wells nobody cases a well with no oil shows so theres still an upside to block 21 and alot of private companies dont report for lots of good reasons. My read on this report is that smq is still pumping oil , making money, most of it from the highest % block. Still hanging in there in avery tough market glta only my opinion>