darhut,what the heck are you talking about. There is nothing in...

darhut,

what the heck are you talking about. There is nothing in the operations report to brag about.

Sell the blue sky to yourself, but you are fooling nobody. The offer is where it is because BOW is where it is, and I necessarily dont believe it too be good.

Sure the flow rates are increasing, but they are a long way off being commercial. At 150mscfd, that will generate an LNG derived revenue of about $250-350k pa. You would struggle to cover the interest and principal for the drilling+completion let alone the ongoing operational costs.

I think I might have posted about 12 months ago or so that I was hoping for something more like 350-500 mscfd to be a little more satisified that we were going to get our 2P numbers.


....and 6 to 7 weeks to get that rate? Come on really? Go back and read some of the announcements. Some of these wells have been on pump since February.


Cheers,

SF