RE: News Release
Yes, i too suspect it is all moot with oil inventories and the gas pipelines crammed full. I suspect this is ultimately an effort to bring down prices of both oil and gas.
I think this will only be a short term effect.
BER did state they had tied in 500 boe/d ar Earring and the other 150 would be on soon.
I thought CTT should have given us a better description of the play's potential.
They waited for the market to be correcting and then came out with a news release highlighting lower production, lower reserves and a modest discovery at Earring and Kiskatinaw.