is back online oil form 34-11H was 109 barrels during Oct. this number should increase as it is bought back to full production, and the water shut off is adjusted.
oil production was 8,527 barrels oil about 500 barrels below 3 month average, with several wells being reworked during the month which lowered our total production. Hopefully we will hear news soon on the CO2 project.
4 wellheads per pad?
That depends on how many Acres the Location Assessment Permit is for? At present I see no new Location Assessment Permit has been applied for.
Have you heard any reasons why our one permit for well 15A has still not been approved. That was submitted back on 6-14-2013. It is crazy dej is not calling Colorado every day to get this issue resolved. If we aren't drilling is will be a slow death for us.
Would be happy with $3.00 to $5.00.
Anything above $12 would be "MAD MONEY"
As SPORTS says we are here to make money at $3 + I would start selling again, even if EVERYTHING goes right $5.00 would be a crazy return.
really not that uncommon, but there should be news coming on the CO2 project soon, how soon is NOT know yet, but BEFORE end of year IMO. On the other hand I have been wrong before. LOL
not sure about the "Stockhouse message board", but this management team has lost any creditability they had by sitting on their #$%$ and watching shareholder equity getting wiped out, without saying a word.
Robert Hodgkinson is out for himself, not us. F him.
and some approved permits to drill more, we can't live off of 4 koko wells, 1 SR well, and WR forever. WHY has no one from DEJ fixed the ISSUE for the permit with well pad 15-A, it's STILL ON HOLD.
WHY does DEJ not give any updates as to what is going on? Investors want to know.
And they wonder why the stock price su cks.
auggie, operational efficiency is getting better. Operating and transportation expense was down 61%, GREAT! Top priority should be drilling, or as you said we need "more pipe in the ground over the next few months."
" Not sure why everyone looks at revenue side of sheet to create profit."
GH5, you're a smart guy, but sometimes you make zero sense. Growing REVENUES is the most important part of being in business, and turning that revenue into profits, as obama would say "PERIOD".