Increase in production? Yeah right!. They've actually stopped production at SJB until they arrange a new sales agreement on better terms for the buyer. There appears to be a $10-$20mill decrease in planned spending this year because MIE Holdings are very short of funds. LXG East very poor gas flows especially if one looks at the gas pressure. No word on approvals.
This is a train wreck and the short upswing on chart will be destroyed in the next week IMO.
SEH Price at posting:
9.0¢ Sentiment: Hold Disclosure: Not Held
