GREY:VFGGF - Post by User
Comment by
ofirmeon Jan 18, 2014 4:51pm
247 Views
Post# 22107853
RE:Cash Flow dropping like a rock
RE:Cash Flow dropping like a rockI agree about the fact that if there is no immidiate share price stabilization, they will be bought.
I also agree that the fourth quarter will show bad numbers.
I do not agree that you can tell that waterflooding does not work over here.
If you are at 2300bopd without 17 producing wells response, you contend that it will continue to fall
due to those wells (which started waterflooding in mid november) will not succeed at all.
Can you explain why you think that increased pressure will not increase oil flow?
especially when the first projects are working (3 out of 22 wells have too high of water cut and one
of those is still producing twice the pre stimulation rate).
You could claim that it will work, but not to the extent promised in the past (which will still render
the wells profittable in less than four years from their drilling). to categorically claim they will not
work is kind of risky, do you not agree?