I think everybody will feel better ...
... including even the most critical of shareholders , when/if TIV finally reports , verifiably and unequivocally (unequivocably? I never can remember which lol) , production numbers which come close to the numbers they have been putting in PRs.
The numbers they have been putting in PRs lately come with various statements such as "Several of the new wells which are confidential status with the California Division of Oil, Gas and Geothermal Resources Agency are still in testing phases and their initial production rates vary, but the long term sustained production forecast is strong and growing as the wells stabilize".
A statement like that , in the context of the rest of that particular PR , can be construed two ways:
1) Best case , that the BOPD production number stated in that PR (1500) is sustained and occurring every day , or
2) Worst case , that was the volume over one hour immediately after steaming and upon turning on several steamed wells at once , then extrapolating that into a daily figure.
Until we see the actual numbers or revenues somewhere all we can be certain of is that the reality is somewhere between those two possibilities.
TIV also leaves a little ambiguity when they say things like "the aim of achieving 2,000 barrels of oil equivalent a day (BOED) by year end and has already attained that capability".
"Capability"? Okay , does that mean there is enough infrastructure in place to handle that kind of volume , or does that mean they are producing that volume every day , day after day?
It's open to interpretation and it's subject to eventual confirmation , one way or the other.
Eventually we'll see for sure!
Regards,
jonesie
p.s. Meanwhile opinions and discussion and/or analysis of what is most likely to be the case are fun to express as long as , again , the very fact that someone has a differing opinion is not assailed in any way other than offering alternate opinions or facts. "What camp are you in" is a clear cut TOU violation so this is an advisory comment and FYI rather than a post deletion.
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
