Friday, July 13, 2007 7:36:48 AM
I did get back in (altho not at the lowpoint) partly because of Lou's emails and partly because I was able to independently confirm a few things that had been a concern.
I'm still not clear (And no one else at BD seems to be either)
as to actual BD production (as to what percenatge they receive, vs what the wells produce). We're all too familiar with past production claims. Just once, Id like to see the monthly production detailed with these parameters:
# Of BD Wells (Owned, controlled, portions thereof)
# Of working Wells
# of Barrels Produced per well
# TOTAL Revenue received from this production
Actual revenues (to BD) attributable to BD's share of that production. No disguises, no misrepresentations, no confusing wordsmithing, just the raw, FACTUAL data.
And wouldn't bar charts be a wonderful tool to display any growth figures!
Combining what I did learn, with the fact that Ed is now a mouthpiece for Lou suggests to me that Lou has some solid facts and knows well of his 'directorship exposure risk' in releasing anything definitive prematurely.
Odd that BD has not yet PR'd the new CFO hire. Just having one is a plus!
Happy Friday the 13th!
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