Yes most companies will report a -
- 24 Hour IP
- 30 day average production rate
- 60 day average production rate
To my knowledge its not compulsory. I have spoken to other about this matter before, possible reasons for not releasing this data could be -
- They are still acquiring land around there and its better to keep the results confidential, as to receive the best possible price.
- They genuinely don't think its material and will likely attach production figures with the next quarterly.
- The well is not producing as planned (i doubt i though as IP rates where good and they hinted at a 8 month net well payout time which means it's a very good well. Along with the fact that these things usually get out to insiders and you see a market sell off that we obviously have not experienced.)
Add to My Watchlist
What is My Watchlist?