Does anyone have any idea why the company would have specifically announced this figure when it's meaningless. It was an initial flow rate on the particular day in question. The well was still cleaning up and it was also on restricted choke and unassisted. The rate could have been 220, 520, 1020, 120...etc etc. Meaningless really.
If I was running JPR, there is no way I would have announced that figure when the market had 400-500 bopd in mind (from company presentations).
It's got me baffled as to why they would do that. Surely they would have known the market would sell the stock? Any thoughts?
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