RE:RE:RE:RE:Utikima Yes could be. But I'm not buying it as the whole story and don't find the idea that they are going to release well data as it comes satisfactory. Mostly because the question remains: After a few years of all sorts of discovery and production wells with the usual mixed results AND no special press releases, why did they decide to make a specific press release for just these two wells which were only low cost discovery wells that don't materially change anything about the value of the company?
It's curious.
It doesn't change my interest in the company and I am a very large shareholder from the corridor days with no plans to sell anytime in the next few years. I am just hoping for a better understanding.
I sent an email to IR with no reply yet.
marketsense wrote: A few thoughts here. They were being very open on the duds which helps maintain
their credibility with the market but at the same time they are being careful before they
release anything on the next ones before the quarterly. This caution is smart if it
allows accumulation not necessarily for the dividends but for any positive well results.
If they hit a gusher or two before the quarterly, who wouldn't want to keep it quiet for
as long as possible is my thinking. So, in the short term, openess for credibility and
before the next quarterly, silence to allow for accumulation. You build up the
expectations over the next several months as well as keeping shareholders tight
with the incumbent dividend. I have no issue with a lack of news flow for a while
or any accumulation in the meantime. If the news is great, this should blast off
like a rocket.