where we are heading
This is Reliable energy on the venture exchange.... They are around 600 bpd which as long as nothing is screwed up we might be close too... They have about the same shares out.... the range on this stock is 18-55 cents...
So help me out here, why are we so far off them... they are at 23 cents right now... we need promotion, a for sale sign and good drilling results.
We need a good drill numbers by the end of the month....
REL.v
Basic 236,338 200,278 18 236,318 191,540 23
Diluted 242,204 205,674 18 242,184 196,936 23
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Three Months Ended Six Months Ended
June 30, June 30,
2011 2010 Change 2011 2010 Change
----------------------------------------------------------------------------
(%) (%)
Operational
Production
Light crude oil
(bbls/d) 598 307 95 615 298 106
Natural gas (mcf/d) -- 25 -- -- 65 --
Total (boe/d) 598 311 92 615 309 99
Total (boe) 54,443 28,306 92 111,308 55,927 99