Production is impacted by rate and timing ~ The 6 new wells produced for an average of ~60 days during the quarter
Given they have 4 additional wells to bring online, but were delayed because another operator is completing their wells nearby (due to interference with flow rates) – SEA pushed back on them, which would have reduced sales this quarter
I am comfortable with the response – it is essentially timing that has impacted sales (timing is something that has been reiterated by Eric before)
SEA Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held