IMP imperial corporation limited

are the flow rates for wells 1 and 2 below expecta

  1. 192 Posts.
    Why no announcement for the flow rates on wells 1 and 2? Are the results worse than expected?

    The company knew that it still had wells 3 to 10 to drill, when it first announced that the flow rates would be released in mid to late April.

    This is a summary of relevant extracts from the announcements. (Source ASX)).

    21-03-06 - Well 1
    "... production phase expected to commence mid to late April".

    22-03-06 - Well 2
    "... production phase expected to commence late April. PRODUCTION FLOW WILL BE ANNOUNCED AT THAT TIME".(capitalization added by examiner)

    13-04-06 - Wells 1 & 2
    Now changed to:
    "... expected to commence production early May".

    24-04-06 - Well 3
    "... line is being laid for the production phase expected to commence late May. Production flow will be announced at that time"

    4th, 8th, 11th, 12th, 15th and 17th May, 2006 - Wells 4,5,6,7,8,9 and 10
    "... production phase expected to commence late May

 
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Currently unlisted public company.

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