I wonder how many read the information at the bottom of page 16 and 17 in small writing regarding 3 new wells coming on line every 45 day with $6 per barrel field costs.
Also they said page 17 the average production of the 4 wells was 1,187 barrels then at the bottom of page 17 the average production of the wells was 1150 and that should mean 6 wells as you would not repeat it on the same page = 6900 per day
4 well at 1187 =4748 so I think the 4 wells have increased production the first 2 would only be declining.
FDM Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held