production mixjust because I have chosen to be the devil's advocate here... the alternative "good" news on production could be the result of the NATURAL decline their NG production... IF you start the "ticker" at say... 1k BOE/d of total production...and 100 of those barrels is oil... your prod mix is 90-10... and IF you don't spend another dime on the NG end of the scale... and drill a couple of oil wells then in a month your prod profile could be 70-30 just on production attrition...
SPIN the numbers as you like... SELLING ASSETS gets you out of hock... absolutely... BUT it also reduces your ability to increase production especially in today's competitive environment... where WILL PMT find running room? after a disposition? WHERE WILL THEY FIND MONEY TO buy running room? and reduced asset base... also reduces your ability to acquire credit...
and here we are talkiing credit... when Majority of operators are "living within their means" and those that aren't... are fading into the woodwork...
sell the 'foreign interest" gag somewhere else... PMT is far too small to make an impact lest it is sold lock stock and barrel...
Perhaps the Compton managment team could pull this one out of the fire... I hear the CEO already has a job for January 1st... maybe he's the white knight PMT needs???
just speculating...
as always it's MY opinion... git yer own.