Post by
Buyhigheatchips on Apr 05, 2023 9:45am
Update
“The Company is currently securing a swabbing rig in order to remove the fluid via tubing swab. Once that is accomplished, gas can start flowing into the MHPF. Each well will need approximately 3 to 7 days of work. DME expects the 60-to-90-day optimization program that will lead to commercial production will be completed by the end of April 2023."
Do they mean initiated? Otherwise a helpful update!
Comment by
Fredo51545 on Apr 05, 2023 12:11pm
My read is the well work will be done by end April. maybe a dribble of production during the optimization period May-June??
Comment by
Bertie20 on Apr 05, 2023 1:19pm
Yes, it should have said commenced, not completed by (the company confirmed this with me via email).
Comment by
HeliumHigh on Apr 05, 2023 1:54pm
Thanks for letting us know this, Bertie. I really wish they would be careful - especially when seemingly trying to give clarity to the market. Ultimately actions matter than words, but in the securities markets seemingly minor misstatements can give rise to future nuisance lawsuits (though there are probably no real damages they could assert if the stock really just goes up from here).
Comment by
Buyhigheatchips on Apr 05, 2023 2:18pm
It's such an easy fix too. Lawd, just get another pair of eyeballs on it before you post it.