OTCQB:HLRTD - Post by User
Comment by
Smiles48on Sep 04, 2015 11:28pm
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Post# 24080962
RE:RE:RE:RE:RE:RE:RE:A Very Good Production Update
RE:RE:RE:RE:RE:RE:RE:A Very Good Production Update
At June 30, 2015, a provision for repair of an oil rig of $1,544,263 (December 31, 2015 - $1,450,125) has been accrued for costs and expenses related to the operation of certain properties which the operator has billed but are disputed by the Company and the other working interest partners. The Company is currently in settlement discussions with the operator to resolve the disputed charges and does not expect to be liable for the full amount.