Palliser Oil & Gas Corp. PSLRF

RE:I give up. Seems doiing DD is a waste of time

[Sir_Holler]

Through the first quarter '14 production should be very strong given the investment being spent late in the third and fourth quarters and the liklihood of increased spending given the cashflow as alluded to in the news release. The market may focus on this after the knee-jerk reaction to the lower production, which is temporary, due to issues as outline. The company expects to meet its guidance for '13 with the suggestion of beating it given the prospect for increasing its spending with the increased cashflow.

"A prolonged spring breakup along with wet weather late in the second quarter, which extended into the third quarter, caused some production downtime in the field and the delay of numerous capital projects further into the third quarter. As a result, current production levels are approximately 2,500 boe/d, based on field estimates."
Read more at https://www.stockhouse.com/news/press-releases/2013/08/21/palliser-oil-gas-corporation-reports-second-quarter-2013-results-record-funds#3cYtRVTyqASfrlTV.99