ash creek oil cut rises, page-4

DJ "Management must be at a loss as to where to go next with this asset"

My interpretation is that the slow initial production response has/is changing the planned approach. I expect that they still want to extract 5mill odd barrels from the field but now largely from the future chemical flood rather than the intial 50% primary/secondary plan. Better to wait until Surtek plot the flood than spend money now imo so they are effectively on stall until this happens.
They need the core of course so this can target bypassed oil at the same time but i dont mind if they wait till money comes in from a niobrara farm out or grieve if they have to. They should NOT issue shares.

To say that the field is worthless because it only produces at 10bopd is not valid as the EOR opportunity exists. It has been stated that Surtek ranked this field as the number one chemical flood opportunity in Wyoming. Grieve also only produces at 10bopd now and Denbury have agreed to invest $120mill odd in it ... hardly worthless.