RE:RE:RE:Results OutGood question. I can't answer that, as I am still working on educating myself on the process.
As for myself, I was hoping for 300 BOE a day. That obviously hasn't happened due to the date the Twinning wells came on line, and the associated downtime for maintenance and site improvements. I was looking for a modest 3-4 c gain on 300 BOE. 6c on 500 LOL!
Given the slow decline rates/low risk profiles of the twinning wells, I still have considerable hope for a little pump down the road once they are optimized.
Should that not pan out as much as hoped, they state they will be looking at Horizontal exploration. That will require real money....and re-evaluation on my part. Now I understand the previous basis for the post regarding a dilution.
As for myself, I am not totally disappointed. They have some oil. and they have some cash flow. I would rather they proceed slow and steady as they historically have. This is reflected in their very low interest rate (no doubt facilitated one way or the other by Brett Wilson.), which I like very much.
All in all I will be adjusting my target(s) and opening some new bids. Worth a shot and if they do hit 300-500 BOE sustained, they just might hit their NAV, and I'll make my money.
Thoughts?