HOG 0.00% 0.3¢ hawkley oil and gas limited

quarterly out, page-21

  1. 11,058 Posts.
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    IMO there should have been further info supplied as was done in earlier announcements, and as such I have asked them for it.

    e.g.

    The March Qtrly highlighted $9.20MCF (gross) as gas price. Later announcement (April) highlighted increase to $9.60MCF. Wouldn't you want to know what was the pricing for gas in this past quarter? Same appplies to condensate pricing was listed as $115 bbl in April release. What was the average price per bbl condensate received this qtr?
    The Net Margin of 52% is good but like to know the details. And before any particular smartarse says work backwards, I did and the number I derived suggests a decent drop in gross price - probably my bad but shouldn't have to do it.

    The March Qtrly highlighted 7.51 MMCF/day gas plus 300 bbls/day of condensate. This past qtr reported 6.7MMCF/day gas plus 253 bbls/day condensate. What was the cause of this steep decline (circa 15%) given the well was expected to have minimal decline rate.

    Those are a couple of items that warrant notation I think.
 
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