production at SDS was down from 6219bo to 5741bo, a drop of...

production at SDS was down from 6219bo to 5741bo, a drop of 480b.......= 190bopd.....at the time crude was trading about $120us.......now trading just below $90us or around $110aus......SDS crude is heavy and trades at a discount...Greive is light sweet...all Rocky crude trades at a slight discount to WTI......

Production at Greive for the month was 646bo....approx 21.5bopd....as apposed to 118 barrels the month prior...a rise of 525bo.....given the wild fluctuations that continually happen with Greive production numbers I can only assume that production from one month sometimes does not get accounted for until the following month?????????......production is most likely a constant 11bopd roughly.....

The fall in oil prices has been significantly offset by a falling Australian dollar so that will make the quarterly look quite good.....except that all our transactions are done in US$$$$...... so hopefully the fall in oil prices will be offset to some degree by a fall in drilling costs/acquisition costs/production costs....etc etc...

The market looking like getting belted today....a few more running for the ELK exit??????? ......selling becouse the share price continues to fall.....when they thought it was a bargain at 70c.......
Cheers