AZZ antares energy limited
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feb monthly production report

  1. Last of the Mohicans
    5,038 Posts.
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    15/04/12
    12:55
    Post #: 9982721
    I just thought I'd point a couple of things out regarding this report.

    In the commentary it says "no new wells have entered into production during 2012"

    Which is not strictly true. Live Oak 1 was fracced in 2011 but has no production history for 2011, its first recorded production is Jan 2012.

    Paloma it states "wells are currently undergoing repairs" yet production rose from 275 BO in Jan to 1609 BO in Feb the highest rate of production by over 500 BO in a month since my records begin in sept 2010 !!!

    The production numbers for the month were helped by the Paloma gain, the return of Lonestar to more normal production rates ( 3711 BO verses 1875) and 1000 BO gain from Coyote.

    LOTM
    AZZ Price at posting: 44.5¢ Sentiment: Sell Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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