I struggle to understand why they still haven't released gas flow rates. If the flow rates were good they would release them surely?
So they are not releasing them because they are bad or they believe the market would misinterpret them? Either way I would consider it material information likely to effect the share price. Yet Directors who presumably have access to the information are buying shares on market.....I am struggling to reconcile all this. If it is good/material surely the whole market should be informed so it can decide if they want to sell their shares (to Directors) or buy more?
If rates are sub-economic I would like to know how sub-economic. A well producing 10Mscf/day clearly needs to improve materially whereas a well producing 500Mscf/day may be just about there.....even if production is sub-economic the level of improvement required gives an idea of the scale of challenge facing Strike which is an important piece of information.
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