Yes mate, I do like the promotions and euphoria, but read these figures:
""##SALES – CENTRAL PETROLEUM EQUITY ADJUSTED SHARE
Sales Volumes
Product Unit Q1 2018/19 .... Q1 2017/18 ....YTD 2018/19.... YTD 2017/18
Gas TJ 1,294 1,187 ........ 1,294 1,187
Crude and Condensate bbls 24,052 ....29,246 ....... 24,052 ....29,246##""
And all of that (Not much at all considering when it is just a little more than 250/260 or so barrel of oil a day IMO),...... ALL OF THAT AT A LOSS.!!
And, while I can see that the gas productions have remained steady, I also note that there has been a drop in production for the crude and condensate of ""(5,194 barrels)"" from the previous/equivalent quarter of the previous year. That is a hell of a drop in production in anyone's language. Now, why was that.??
What was the reason for the drop in production.??
I can't find anywhere telling us as to the reasons why.
Will it drop in the next quarter too.???
Most importantly, what will we do to maintain that level of production.?? After all we dropped the oil production by an average of approx. 56.5 bopd.
And most importantly, how many wells are actually used to produce that amount of oil.??
Sorry mate but I always will call a spade a spade. That's me.... It got me in trouble in the past but I will never change. As I invest for the longer term in 99% of the time, I will always keep to those principles.
Dyor.!!
