OTCQB:HLRTD - Post by User
Post by
RollinInDoughon Aug 08, 2019 10:26am
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Post# 30006518
just not rosy... Rosie...
just not rosy... Rosie...the company said... this project is very important... and results of been below expectations... as the company has said, the field has not returned to the prior shut down oil content... from the intial projections of 300 bopd was it?? or 350? they are getting as of last update.... 4500 barrels of liquid a day... with a 1% to 2% oil content.... 90 bopd!!!
by my math a high expensive field to operate when your expectations were so much higher... to operate 4 wells... for 90 barrels of oil in 4500 barresl of water... not really going to work for this company when you are told... how important this operation is...
maybe think about getting yer money out... unless you think it will get better fast... first rework on one of the four wells... no money to maybe care for that well... when they got so little money to even pay themselves.... I give this till year end... things better change from under 2% of 4500 barrels per day is actual oil... not worth anything...