The fact is, we have not yet sustained production and I'm not counting my chickens until we do. I have been waiting for two years for these guys to prove sustained production. As a comparison, STX have now been producing from their first well at Rayburn for over 6 months at 10.1mmcfpd with NO DECLINE. Now that is sustained production!
I take no value in phrases like "management are confident"... heck, other things haven't happened that management have been "very confident" about. I will wait until production is proved before relaxing about this. It doesn't take Einstein to work out that a drifting share price is not a good sign.
MAE Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
