AZZ antares energy limited

operational report, page-3

  1. 320 Posts.
    lightbulb Created with Sketch. 39
    LOL,

    Wish they they would proof read their anouncements.

    Regarding recovery of frac fluids.

    I assume that the previous anouncement at 40% was correct (just a guess) and in this anouncement they meant 60%. But that is just a guess, maybe 46%, 56%, 66%, 76%? Pick a number.

    Anyway if in doubt I always use the worst number. 16% would indicate there is room for greater flow rates, 76% indicates there is little if any room for improvement.

    So from the release I will base my decisions on this being peak or near peak IP rates.

    If my assumptions are wrong then at least I am being conservative.

    But how can anyone estimate a value for a company which can not give acurate production details?

    I own and will hold, but buy more? I will not decide till I know the actual numbers. To me the contradictions in their reports stop me from buying.

    Anyway good luck all and DYOR
 
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