Paul Production in the last quarter was the only on to decline, 3 others quarters the production increased. Why did it decrease? Could be lots of reasons, Maybe focusing on completing their contract requirements? Lack of work over rigs? Bad weather? Maybe their was a decision made to hold off on work overs to complete their contract obligations. Ask the company, if you want to know the reason?
With low productions rates now, losing flow on a couple of wells is going to impact the production greatly. Mad clearly stated that they drilled 3 wells in that quarter and cap them due to low flow rates. No extra production! What we do know now is that they are now concentrating on lifting production rates.
Time will be the judge
FDM Price at posting:
$1.19 Sentiment: Hold Disclosure: Held
