Just when I thought I'd heard it all Poise is not a Geologist and you can't just call a company and get up-to-date material information. It’s against the law.
90 day IP runs are the industry standard. To suggest otherwise is silly, to insist otherwise is proof positive Poise is just making things up as he goes along.
Oilfields are complicated to set up, highly engineered, and require constant work and fine tuning along the way. Real geologists and engineers know this, and guess what; you won’t find any here on Stockhouse.
I've taken him to task a number of times and he's always melted.
Real geologists and engineers watch what he says and scoff.
No doubt his reply to me, if he cares to burden us with one, will be replete with 1/4 truths, red herrings, and a few quotes and references from people he doesn't know. Not sure I’ll bother to read it, but for the investing public it might make some whimsical reading.
Q4 2011 financials will be out April 2. We will see more oil production and cash coming online in Quarters 1-3, 2012.
Post discovery, 90 day IPs are the industry standard for initial reporting. There's a 3 month lag for the financials. So it may take up to 6 months for a new well, with continuous 24 hour production to be reported in the financials. Expect everything done last year to be fully reported around Q3-Q4 of this year. That’s just the way it works and it is how all credible companies do it. But just watch out when it comes, because when it does, it will hit like a freight train.
There will certainly be a lot of news along the way as Petro One taps into existing and newly-acquired targets. Up to 20M shares in GSR, the Yukon’s best bet will play a large role in future financing and valuations for POP.
POP and GSR remain my top pics. Unlike Poise, I’m a pro who is in the business of making money on these types of deals. My money is where my mouth is and anyone can see my portfolio. Or I guess you can follow Poise’s winning “net-zero” investment mandate. To each his own I suppose.
I’m going on vacation so you might not hear from me for a while again. In the meantime, I wouldn’t bother paying attention to what Poise has to say, and don’t expect me to rebut any of his amateur-hour nonsense.
Anyone who’s curious can just call the company and they’ll straighten things out pretty quick.
Fortune Favors the Bold,
James Hudson, AlphaFlight Portfolios Inc.