RFE series 2018-1 reds trust

750k on bid at $1, page-33

  1. 2,965 Posts.
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    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.)


 
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