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Bullboard - Stock Discussion Forum Stream Oil & Gas Ltd SOGAF

Energy Oil & Gas E&P

GREY:SOGAF - Post Discussion

Stream Oil & Gas Ltd > quarterly numbers pretty good
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Post by frankythetank on Jul 31, 2013 9:10am

quarterly numbers pretty good

The revenue is certainly a little bit of a suprise.  Oil production is low but pretty profitable.  The pumps aren't working which is a dissappointment and we have to wait untill 4th quarter whcih is only  month away so I'm  keeping my patience until then. Hopefully they give me a suprise and get things done on time.

Tank
Comment by naive_investor on Jul 31, 2013 11:24am
Tank, I heard that electric pumps are operating more consistently than diesel pumps. Thus, they are replacing diesel pumps with electric ones. I understand reservoir is not an issue, it's more of an operating inconsistency, which appears fixable. They have also worked on tanks, pipelines and gathering and processing system. All the investment has been made, now it's time to operate that ...more  
Stream Oil & Gas Ltd