In all honesty I do think the company understands the need for this information to be public. However they merely pay other people to work out that info.
It needs to be remembered that AMU has hundreds of producing wells. In essence, the vast majority of them are real tiddlers. And as frustrated as I too am over the long delay I can appreciate it is not a quick exercise to establish numbers for this. Not making an excuse for the company. I want the numbers as much as anyone.
As an aside, although much was made of the polymer treatment effect in the past, my opinion is that this is a "stay in business" expense. Yes, it increases oil production & reduces water, but given the scale of the wells in question and the number it effectively mitigates decline over some others.
MJS
AMU Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
