quarterly report might tell us more, page-2

few predictions that the quarterly will:

- reiterate JV / potential switch of operator on cc assets
- reiterate potential sale of oklahoma
- state that workover at cc is still in progress
- at best, quote short-term headline "flow rates" that have not been proven over time and do not reconcile to official state govt records

so really, nothing new

a key announcement to look for is that of sustainted 3+ mmcf production for a month. once that target is reached a bonus payment is triggered (same as the one for arranging debt financing). until any such announcement its a safe assumption no meaningful rates are being achieved?

the discrepancy with official govt flow rates is interesting.. hcraboc has in the past provided examples of other listed companies where the flow rate announced pretty much equal the govt records.. the company line (second hand through supporters on here as its never been publicly addressed) is that the govt figures often don't agree and its common practice (would like to see other examples of such).. the govt figures are supposedly signed off by marion staff on the ground??