GREY:ROAOF - Post by User
Comment by
OILANDGASon Apr 22, 2004 6:48pm
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Post# 7391008
RE: b9 results
RE: b9 results"This is the sh.t I am talking about. The Feb 11 NR saying they had reached TD, encountered "oil and gas shows" and that they were logging over the next 24 hrs DID NOT need to be sent. The could have waited on more day to say that they had reached total depth and their logs showed uneconomic quantitities of oil, which are the facts, not this "encountered" speculation information.
This last NR is just as vague."
You are right on both accounts, the Feb. 11 NR was uncalled for but the stock was running at that time and maybe they were forced to issue that NR.