Agree, but the significant production increase only came about due to a discovery in a ....secondary target...nearly four months ago...so if they were ahead of their game, they would have let us know at or near the time that there is potential in the Ellenburger in other wells they have drilled. They would also go back and look at the seismic and see what other traps could be present in the Ellenburger on WEL ground. Im pretty sure they have 3D seismic over the area. ...WH2106 seems to be a game changer...so follow up and highlight all these key things..instead we have relative silence...
The lack of critical detail in their announcements is sub-par for the oil industry and contrary to the interests of keeping their shareholders and the market fully informed. For example, they talk about fraccing and completion of the 2 wells 17XX. There is no narrative to allow investors to gauge what is happening.
Another thing they could do to keep the market fully informed/appraised is publish quarterly production figures for each of their wells...surely that is not asking too much.
All these omissions are detracting from the company's appeal to investors - and hence help in keeping the share price down - which seems a bit counterintuitive.
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- Ann: White Hat 2106 Increases Production to 352 BOEPD
Agree, but the significant production increase only came about...
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