Post by
uograd on Jun 13, 2022 10:08am
not the worst release I have ever seen
from past history we know not to take any thing these guys say as gospel truth until the actual numbers hit the floor.
They told us on may4th they expected to recieve net revenue of 1.4 million for april production and today is it 1.2 million so once again they are stumbling and mumbling away.
Now as for the 272 bopd in may and lower revenue, for that they get a pass. Anyone who has drilled or worked up there in the swamp and muskeg of that tundra knows spring thaw can make you cry like a baby in terms of making any money. i was hoping for much better but some things only god controls so they get a pass
if production is really back up to 520 bopd that is excellent and with oil prices 20 bucks a barrel higher than april this will actually maximize revenue from the property so net net is a positve
there also seems to be some coded messaging in terms of producing gas from their wells including 15-25 now and worrying about the helium later. with gas priced where it is that would be a beautiful thing.
Anyways not the worst release I have seen especially now my excpectations here have come down,
won't buy or sell at these prices but am quite comfortable with the outlook going forward.
Comment by
kalman007 on Jun 13, 2022 10:30am
I TOOK THE OPPORTUNITY AND LOADED UP. I was puzzled that the PR made no substantial mention of helium revenues. Afterall, the company is first a foremost a helium company and only stumbled on oil. While I agree that the news was so-so, i believe that the next report will knock it outa the park! Company is on solid ground, has cash and two of the hottest commodities. GLTA
Comment by
uograd on Jun 13, 2022 10:37am
helium revenue????????????????????? maybe first quarter of 2023 best case scenario.