directors contempt towards shareholders , page-7

ric81281,

There were definitely ice/cold factors to take into consideration in January, as there were in December and will be in the Feb data when its available to.

I'd look at the production change from Dec to Jan of the lower producing wells, as each month had the same number of days in them. If you see that several of these lower producers production dropped by 10% for example in Jan, then it would be reasonable to expect the same sort of decline percentage in the higher producers as well.

Robinson No1 has been a good well to date but a drop of 10,000 BOE in a month (300+ boepd) is a real big hit and will have a big impact on cash-flow. Feb data for it will be important.

I also noted that there have been no new permit applications submitted this year, other than things to do with Cozart 19 and Cozart A 1R which Hadaway seem to have messed up, going by the letters the RRC sent them, still can't work out thou what they were trying for in the first place, especially with Cozart 19.


LOTM