agree with fram ..... I am not sure what mgmt is trying to accomplish here ....
For example, is this discovery commercial as stated and/or anticipated, and is production anticipated in the near term?
Not sure what Hatfield is getting at-will commercial status be acheived after more stimulation, etc.
And why wasn't the release drafted to reflect "initial" cummulative flow, which adds up to 100 + 448 + 250 for a total of a respectable 800 barrels a day approx., with more potential to come .... or are many of the zones duds at these rates ......
We do not need another 40 million dollar "learning" session .....
I will be talking with IR tomorrow or next week to express my concerns ....
The major players in Toronto, London, and New York sent a message today, and we all should be working on finding out why (is this non-commercial? is Kuridistan still too high risk? Is the lack of a national contract and the US pulling out of Iraq the reason? Did TLM ONLY find gas at Topokhana? Is K-2 all that really matters?)
So let's review at the recent dissapointments .....
1) No share price stability after the S-1 "rediscovery"
2) No boost from TLM either while drilling T-1 or upon completion (ask Bay Street and Wall Street about their opinion of TLM management these days)
3) No partner as of yet for the Southern Block
4) These MQ-1 results after drilling started 8/30/11 ........ long time to have capital tied up ....
What else can I say ....
This is not the way we wanted 2012 to start ....
Q1 will soon be over .....
ulysess