Better to spend your time gloating, than discussing the true issues Antares has, seems to be the directors latest moto.
All the weather issues affected Q1 production, yet no mention of the fact that Q2 production dropped 10% from those low Q1 numbers. Or the fact that none of the new NS wells was anywhere near Cozarts No 19, in fact all 3 wells put together don't get near it. So replication seems dead in the water and has been dropped from the report.
No mention of how they managed to spend a massive $7.1M on exploration and evaluation in Q2, when no wells were drilled in that period or fracced.
Interest payments up $0.5M on Q1.
So they need an offer of $310M+ just to be in the same position they were in, in Feb when the last one was turned down.
LOTM
AZZ Price at posting:
59.5¢ Sentiment: None Disclosure: Held
