GREY:PMGLF - Post by User
Comment by
dbeaudeon Feb 27, 2012 10:45pm
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Post# 19595393
RE: No Big Deal
RE: No Big Deal How do you explain the reserves depletion of over 14%. They have total 2P now of only 51 million BBLS verses 60 million BBLs in 2010. PRE had a 52% increase in reserves to over 400 million BBLS and even Gran tierra had a 32 % increase in reserves to over 40 million BBLs of 2P.
To add insult to injury their production for January was 5000 BBLs per day less than the 2011 average
Frankly a pathetic job! Management is similar to Petro bakken which had put investors through torture for the past two plus years!!
Fire Cory Ruttan.....lots of land but poor reserves and reducing production!