Agreed more wells at this pace (every few months) will help provide a 'production floor'. However as time goes the by the effect of each new well (on average) will not cover the decline rate in the other wells as efficiently.
What I and the market would have preferred to see is a slower decline rate over the months Nov to now in all 3 producing wells. These are dropping at rates far above the US average however admittedly this may not reflect Texas, I don't have that info yet.
Total production from each well is the critical ingredient for success.
BUR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
