Good question...you'd have to write to the company. It might just be an accounting thing...e.g. counting evaluation costs from recent reserve upgrades of Gazonor, equipment maintenance and installation (foreshadowed), plans for productio expansion etc...But don't know for sure ...you are right, it doesn't make much sense for production costs to increase unless they are including upgrade-related expenses. After all, when these wells are drilled, its just a matter of manning the pipes. Might have to ask them.
EPG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held