Post by
bonjovi501 on Aug 01, 2013 4:49pm
Something Burning
Talked to Wade and I believe he is not too happy with the share price and is a little grumpy. I would think he is getting a lot of angry shareholders calling him and it is taking a toll. He owns about 5% of the shares and has seen his worth go down big time. Water flooding is better then expected and the price of oil is high yet we go lower. Maybe the market is right and sees things we do not and I questioned him on that. He kind of snipped at me and the pressure is mounting. Maybe it is time to sell and move on for PRY to someone who will put some spark in the stock. We can only hope I guess.
Comment by
terroir on Aug 01, 2013 4:58pm
Did he mention new drilling? I haven't seen anything in the field since breakup. Did he put any metrics to waterflood performance? Are they on schedule with the development of the different projects? Thanks Terr
Comment by
peonica99 on Aug 01, 2013 5:36pm
Is it really that diffcult to give regular updates on production? Been more than 2 months and the crowd is getting restless.
Comment by
bobby1231 on Aug 01, 2013 8:30pm
I sold all my shares awhile back for a loss and started buying again at 65c. I was tempted to buy 100k today at 59c but I think I will wait for an update before buying in more. They should of been drilling by now but it looks like nothing has happened. I sent 4 emails over the last week and no response back.
Comment by
bonjovi501 on Aug 02, 2013 9:19am
Wade said that a normal well is 70boed and with waterflood are now doing over 200boed which sounds good but as for drilling I am not sure.