RE: RE: RE: RE: RE: Price outlook I spoke with IR today. Just to re-iterate what fredski had touched on earlier, there are other possibilities at depth here (nothing confirmed as yet). More work and discussion is happening behind the scenes as we speak (as it always is by the way).
The NR was, in my opinion, poorly-worded and is in need of clarification to be sure and, in my opinion, the market reacted accordingly. Messaging is very important. Words mis-used and misplaced will kill a NR. I think some of that happened here unfortunately. I haven't read enough or heard enough to bail like some have but some have a need to make money immediately and have gone to more immediately greener pastures, thus the decline in my opinion.
I am lead to believe that for the wells of the future, meaning those numbered 12+ we pay 20% of the cost to drill and tie-in while the partner who I am also lead to believe is experienced and well-versed in these matters pays 80% and the revenue is split accordingly. That ratio is apparently slightly lower than the industry norm for these projects from MOO's perspective but certainly not out of the ordinary. Also, there almost certainly is a black-out of insider trading at the moment.
This post is low in fact and high in opinion and information relayed to extent possible by IR. Never-the-less, I'm going to hold on for the future, maybe even buy more at these prices.
By the way, production at Lloydminster is on the horizon.......
Good luck to all.