operational reports - error, page-3

Cloak,

Maybe you would get on better if you read my posting correctly.

I was only really interested in what's happened since last week's announcement.

214 is oil+water (900+596 divided by 7) provided the divider is 7 not 8, if its 8 then average production for the last 8 days is under 200 barrels of liquids a day and falling.

The other interesting, comment from yesterday's announcement is about the oil being waxy, which we have not heard about in any of the previous NS wells. Now it might be that they've just ommitted to tell us that fact until now. Or as I would consider it, slightly more likely is the fact that's its new and if it is then it's implication is negative, because it means the good producing section doesn't extend even to 50% of the lease area.

However that for now is just conjecture.

To be frank and honest I think the best way to sum up the current situation is this. If I owned the stock I wouldn't want to sell it in case the 22 days number is actually 23 days. On the other hand I definately wouldn't want to buy it until the above 2 points are clarified and known, because if it is 8 days and doesn't extend that far into the lease area, where is the value?

LOTM