I listened tui. I always do.
Production for the quarter was higher because the quarter before it was a big disappointment because Growler is declining. They are producing most of their oil from old fields... hence, even with infil drilling, production will at best flatline, not increase. Yes they are bringing on new wells, but again, they will at best only keep production steady. As for the 4Q of 2013, the further back you go, of course the better it looks, but that is the same for all the Cooper stocks. DLS production is up over 300% from last year. How much is SXY up....
As for their new new fields, some are tiny, with a quarter or so of good production, then they will petter out. Burruna is a good example of this.
Anyway, they are at best treading water simply because their cash balance is decreasing. Perhaps the next quarter or two will have increased production and they can be cash flow neutral (450k per quarter).
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