Ann: Basker-Manta-Gummy - 2P Reserve Downgrade , page-16

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  1. ITS
    2,350 Posts.
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    re: Ann: Basker-Manta-Gummy - 2P Reserve Down... Yes. It is just over reaction, the sahre price will recover from here.

    ""This will result in a reduction of the ROC Group remaining 2P Reserves as at 31 December 2009 by approximately 20%-25%.
    BMG continues to produce oil at approximately 6,000 BOPD and is anticipated to produce at an average rate of 5,000 BOPD in 201""


    Effectively teh sahre price hsould go down by 3 to 4 %

    just panice selling happening at the moment
 
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