management won't listen, page-56

Geogypsy

You posted

Secondly, why is GGP reporting and "oil equivalent" number for a well that is dominantly oil? On might assume that gas is converted at a 6:1 ratio to provide a favorable degreee of inflation to the underlying oil rate. With a price ratio closer to 30:1, this will provide highly distorted cash flow estimates(1200mcf/d equates to 200bpd, but is only worth about 40bo). A more transparent report would provide separate numbers, not to mention that at this point in the flowback procedure, the gas may not even be flowing through a meter.

But ann say

The SRH-C # 6H well, the first oil and gas discovery in our Permian Project, flow tested and produced 379 barrels of oil and 328 mcf gas over a 24 hour period using variable
choke settings and at stable flowing pressures.

Im not sure why your talking about an Oil equivalent because they dont appear to be. In fact re reading your post and the ann, I wonder if your even talking about the most recent ann, really I dont see how it could be clearer.