Finally had a chance to
go through the newsletter with each current projects update.
If my calculations from the numbers in the newsletter are correct, we are producing only around 524 boepd? Is that what others have calculated as well? Seems a bit far off the 1000 boepd they mentioned at the meeting. Not sure if this is our WI portion or if this is total production for the sites? Newsletter is a good start, but more clarification is needed regarding production (total vs WI) in the newsletter?
Good to see they are drilling some new wells at the other projects.
I find it disappointing that there are ONLY 8 wells currently producing at Weesatche, after all the hubbub the company mentioned about all wells will be producing at the end of September or was it October? That is only 50% of the total number of wells drilled, correct?. The latest production report on the Texas RR commission site showed that production again declined in October with only 9 wells showing any production, so we are down 1 well since October?
I sure hope that drilling schedule, due to be released last year, will be out soon so we can see what is going on with our new purchase. They better drill the Biamante project quickly to boost our production numbers.
Wasn't the "new" posters saying that things were going to take off in the new year? What part of the new year was it going to happen again, early I hope.
GLTA
Cheers,
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