Still....."2 more weeks"? LOL
It is pretty amazing that so many have been touting "2 weeks", or "next week" since what, last July? And now, we're hearing from those same folks that increases in production, from a water flood program not even "commenced", will not be until July? I get the feeling these folks who tout this kind of "next week" stuff are 1) honest people who get fed incorrect information (lies?) and repeat it thinking it was honest info, or 2) pumper liars with no scruples. Or, I guess another group are the completely oil/gas ignorant folks who have no clue about the biz and timing of operations.
In any case, I sure hope TIV is delaying the 10-K in order to have March production numbers so they have a complete quarter of increased production. We know from the DOG web site they had no production increases through December, 2006, but keep in mind, that did not include any production from the new drill wells they drilled. I imagine, based on the PR's about thousands of feet of oil shows they drilled through and the new zone(s?) they discovered, those new wells should show a significant increase in daily production, if/when they are ever put on line.
I'm keeping my fingers crossed too, especially on these new wells, because if we have to wait until July (or longer?) before we hear about "good news" (increases in oil flow?) from a water flood project, we may be in for a more pps erosion in the mean time. And us long shareholders sure can't take much more price erosion....along with gloating shorts.
Geo
AI
