Tuesday, July 15, 2008 8:14:40 AM
Considering the wording of the PRS ....
.... I think TIV covered themselves very well , plenty of "anticipates" in there , and production rates tied to specific dates , such as "Production from 39 active wells reached 1,015 BOED on May 8, 2008" and "production rate in excess of 1,500 barrel of oil equivalent per day (BOED) on May 13".
Therefore I don't think there is any concern about going to jail lol.
"The most recent production test was made to measure facilities capabilities in anticipation of establishing a stable production rate in the 2,000 BOED"
We have discussed this several times , it's nearly a dead horse and as such probably doesn't deserve much further beating.
In any event , around the middle of August we'll get to see , if not actual production quantities from the PV or Moffat wells , the associated revenues.
From that , it may be a simple matter to interpolate whether or not TIV's production has been a minimum of 1000 BOEPD , every day , since May 12 , with possible increases in sustained daily production between May 12 and June 30.
JMO
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
.... I think TIV covered themselves very well , plenty of "anticipates" in there , and production rates tied to specific dates , such as "Production from 39 active wells reached 1,015 BOED on May 8, 2008" and "production rate in excess of 1,500 barrel of oil equivalent per day (BOED) on May 13".
Therefore I don't think there is any concern about going to jail lol.
"The most recent production test was made to measure facilities capabilities in anticipation of establishing a stable production rate in the 2,000 BOED"
We have discussed this several times , it's nearly a dead horse and as such probably doesn't deserve much further beating.
In any event , around the middle of August we'll get to see , if not actual production quantities from the PV or Moffat wells , the associated revenues.
From that , it may be a simple matter to interpolate whether or not TIV's production has been a minimum of 1000 BOEPD , every day , since May 12 , with possible increases in sustained daily production between May 12 and June 30.
JMO
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
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