key takeouts , page-13

Co. has said before that they need to be cautious about the amount of info they put into the market wrt to production etc and with the SP so low thats understandable.

They would have a very clear idea what each hole is worth tho obviously the bigger finds Hermes/Hoffer etc are still assessed over a period of 6-12 months.

My understanding is that Hoffer has already produced more than they thought it held in less than 12 months - and its still going as strong as day 1.

WRT this mornings announcement I go back to yesterdays post... as long as the reserves in the ground keep growing eventually something will give: 3 more SUCCESSFUL wells - 1 wildcat, 2 developmental perfect mix imo.

DYOR