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28/08/14
16:19
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Originally posted by magic21
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Be patient. Why?
* The production will increase once the drilled wells going online. So far, we got 5 wells (Nemo, Kaiser, Redbud, Curington, C18) going into prod soon.
* we got recent pathfinder C11-12 resume their O&G, production improvement in kentuky and Mississippi.
* There will be around 4-6 upcoming drilling (2 on pathfinder per recent announcement, previous pathfinder well C 14-01, 1-2 wells by halcon, 1 wells from Petromax).
I hope they will release cashflow positive news with total production number before debt funding. Also, it would be good if the company can release operation update news.
I'm happy to hold and buy more on weakness.
DYOR.
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Magic21. Do you think that the Gustavson report might have pre empted the announcements that you have mentioned and that the "market" has already factored them in?? Soon know.