As you note Mitch it’s not the peak rate that’s the problem but the significant and sustained production declines that have killed cashflow.
The fact the JV continue to put out such opaque production Ann’s - how hard would it be to show production from the 5 wells separately afterall, unless this is information you would rather shareholders not have as they would then be able to join well production dots together to surmise production is well below expectations across both fields and all wells
MEL Price at posting:
0.3¢ Sentiment: None Disclosure: Not Held
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