Originally posted by Manilaminer
The October sales figures was the only time monthly revenues has been released. Perhaps it was the fact that it was a record month was the reason. So unless November sales was also a record they won’t advise them. If they weren’t a record it must have still been close.
No information looks like it was a flash in the pan to the market. Of course I could be speculating and the results could come out today.
To be frank, I wasn't expecting another record sales month but even getting sales of A$0.6 million to A$0.7 million would indicate the tide has turned here (despite that figure been lower than the Oct figure of around A$1 million).
Why - well it would clearly show that E2E is commencing the road to long term commercial production (especially when they fix the current issues with the 2nd well and that starts also producing) through generating good 'revenue', despite revenue not been at the record month. Anything less than A$0.4 million in November would provide the market a view of 'flash in the pan' status, as a drop in revenue below that amount would indicate the well didn't have a lot of barrel of oil equivalent. So the importance of the Nov figures are around showing good revenues still and any commentary around 'well life' would provide the change vehicle the market wants to see in terms of FA analysis (i.e. resource is there and easily extracted and has life of x years etc etc).
It is the commentary around the November figures that is important IMO, not the November figures themselves.
All IMO
