Paul
Production in the last quarter was the only on to decline, 3 others quarters the production increased.
Why did it decrease? Could be lots of reasons,
Maybe focusing on completing their contract requirements?
Lack of work over rigs?
Bad weather?
Maybe their was a decision made to hold off on work overs to complete their contract obligations.
Ask the company, if you want to know the reason?
With low productions rates now, losing flow on a couple of wells is going to impact the production greatly.
Mad clearly stated that they drilled 3 wells in that quarter and cap them due to low flow rates. No extra production!
What we do know now is that they are now concentrating on lifting production rates.
Time will be the judge
- Forums
- ASX - By Stock
- FDM
- review of mad
review of mad, page-52
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FDM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online