from SEC file page 32:
Current production from woodrush:
565 BOE/d (425 net) during the month of March 2013, This represents a production increase of about 75% over average daily production from the field in Q4 2012. (on page 32)
But from today release:
Dejour’s net field production rose to 402 BOE/day average for Q1 2013, a quarter over quarter increase of 26%.
Obviously, the above two reports use the same 319 BOE/D from 2012 Q4 to calculate the increase. But the SEC file use this 319 BOE/D as gross production while today's release use this 319 BOE/D as net production.
can anyone figure this problem out?
NWG or MJ?
You guys are out of control. All the figures are correct. Why are you bothering them and claiming they are inaccurate. Everything is correct. You all create doubt when none is warranted. Quit making the team appear like children and read the PR correctly.
As much as I hate to do it, I agree with BMB. Let it go; they might get annoyed by being second-guessed and stop giving us updates. I'm happy with 26 % at this point. It makes room for a greater gain when they report later. I wonder if the 1st quarter report will be May 15th, followed by a cc in June.
Fair enough. Explain how 319 BOE/d in Q4 to 425 BOE/d in march 2013 equals an increase of 75%? Craig couldn't answer so maybe your smartass can. You sound like a typical ostrich with their head in sand.
If "all calculations are accurate" as he states, the SEC file should say a 33% increase, correct?
425 BOE/d gross in q4
319 BOE/d net in q4
565 BOE/d Gross (for march alone)
425 BOE/d Net (for march alone)
(425-319)/319 * 100 = 33.22% increase
536 BOE/d Gross AVG for Q1
402 BOE/d Net AVG for Q1
(402-319)/319 * 100 = 26.01% increase
602 BOE/d Gross march exit
447 BOE/d Net march exit
(447-319)/319 * 100 = 40% increase
Craig is stating no calculation error exists, the calcs are correct, and 319 is net for both. And I quote:
"There isn't a discrepancy as all figures are net. 319 is net for Q4 from the SEC file and we provided a net figure today in the PR. All calculations are accurate."
X, this isn't surprising to me. Unfortunately we are becoming notorious for incorrect PRs, presentations, etc. I've emailed Craig, will call tomorrow if dont get an answer soon.