RE:RE:General Observations on News Release....
"Excellent unbiased summary for the open-minded experienced investors.
The short-sighted inexperienced ones can go elsewhere."
Once again Stockfy you demonstrate your inability to identify when management teams simply overpromise and under-deliver. Then you put your head in the sand and blame all posters including myself who are pissed at a team that can`t get their act together.
Nobody has told them to push for 13,000 to 14,000 boe/d. Not me anyway! It is themselves who have put ropes around their neck.
Even more scary, is their inability to forecast with any kind of precision what production should be 3 months out telling me that their well curves are nothing but guess work and a joke. Then should we believe them when they say that new wells are so amazing that we should drill them now instead of buying back shares?
These guys claim that drilling costs are low so we should rush to exploit all these good wells for a poor payout at $50. This is beyond stupid!
These are not oil sands but, wells that gush about half of their lifetime production in the first 12 months. The goal should be to tap them when oil prices are high and no one will make me believe that savings a few $100,000`s on a new well is worth wasting all that revenue at $50...