Post by
uograd on Mar 15, 2023 11:58am
well ed the gig is up, you should be fired
so oil production now less that 100 bopd, more like 75 bopd actually and in fact lower than before you put disposal system in so you might have cut costs but with declne in production of let's call it 40 per cent in last two months who cares..
so let's review things shall we. you bet the company on the 14-23 well which was a couple milion over budget was never completed, has no reserves assigned to it and is sitting there of no interest to no one.
in less than a year oil productiom has gone from over 500 bopd to less than 100 and water from less than 10 to over 90 per cent. your reserve report is going to get crushed
you spent 190k on investor relations last quarter on what, no one seems to know
your helium well was drilled in 1999 and the offtake agreement you have been boasting about since august 2021 still hasn't happenened although it is so imminent(two weeks and counting) that webster's is considering changing the definition in their dictionary
but thank god we used our remaining cash to shoot seismic in worsely to identify a few more watered out oil well locations
you and your team should be fired for cause and showed the door.
Comment by
minigoon on Mar 17, 2023 11:02am
Some kind of good news has to show up yet. Just my thought, from the other side of Kalamalka lake