Production down to 100 bopd - from an average of 115 bopd for the June quarter - or in other words a 13% decline in production. I don't understand how Mr Hart can claim that as production being steady - its declining. With 35 wells producing 100 bopd - or about 3 bopd per well per day - this is basically a bunch of stripper wells. The benefit of stripper wells is supposed to be that their decline is well behind them and they produce at a low but flat rate - but yet the figures show a 13% decline since the last quarter.
I'm scratching my head to find a positive here...
FPL Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held
