Quattro Exploration and Production Ltd QEXXF

RE:RE:RE:RE:RE:RE:Um... What?

[elgaveeno]

Nice post. Thank you.
Yes, on could deduce that they have approved a $13.5M 2014 Capex, for 23 net wells. That's not exactly how it reads (See the 2 net/ 1 gross ellerslie horizontals - WHAAAT?) I think what they are saying is they are drilling 23 out of 60 wells that they will be responsible for 100% of the costs. In the Ellserslie example then they plan on drilling 2 of 3 total Ellerslie HZ's in 2014. Maybe one of the coprporate guys here can get the company to restate the press release, or at least find someone to do it correctly. No matter, they use net wells to net dollars. 23 net wells DCET for $13.5M. One well stated to cost $1.65 so all other wells are going to cost on average $540K to drill, complete, equip, and tie in. Really? Really?  Show the investors your math. Where is the update on the lawsuit fo give the shareholders an idea of where it is going? Yeesh.