kavern23 wrote: PPP...glad to see you post.
Let me ask you a question, pretend you ran YGR. You have two press releases to make, one in Feb on Reserves and one in March on Financials.
As CEO, you have likely been hounded by little 5000 share holders phoning everyday for weeks, h*rny for what Q4 production is.
Let's say current production is over 14,000 BOE...why would you put that in this press release?
To what gain maybe 10 cents on your share price?
I would save good news like that if it exists for March 5th financials, when small retail isnt going to be focused on 12500 from 4th. It like a sharebuyback, small short term thinking for no long term share price gain. Buying back shares and putting our debt near 200 M is suicide.
Remember on March 5th, YGR is likely to have all 8 wells tied in. Why not shock new retail investors with good production numbers when you have postive news on March 5th...financials are the good part of q4th but you have to release this, might as well do this now This was the perfect timing to release Q4 production numbers.
I can see why most clearwater formation companies are private and not public. Being public company puts a company around such short term focused investors.
IF 2020 drilling is succesful, we are going to be fine and back on track.
ppp wrote: IMO everyone thought the IP rates where way over 500 bbls when in fact they are under 500. I am pissed they didn't give us todays production Good news is they gave us the decline rate of 35% and the cost of 15000 per flowing to make up for the declines.