Gull the plan was for production three times what it is. 2,000 bod a day by 31 dec 2012. Now the company is forcasting that rate at the end of next yr? Yer right, we will see. Whats changed the last two yrs. Remember production was up to 750 in january this yr, and they have drilled 40 per cent more wells in the meantime, and the production rate has decline, by 40 per cent. The wells simply dont produce for very long. One must ask why not release individual well performance like 12 months ago? At that time a few people where questioning the company why some of the wells had declined so much in a few months. Then the reports stopped. I remember directors telling me the company isnt like other oilers, we want mad to be more transparent, and are going to release as much information as possible, etc etc. Whats changed?
FDM Price at posting:
88.0¢ Sentiment: Sell Disclosure: Not Held
