Why, to appease you? LOL!
You know what... I don't have the source code for the programs I use on my computer and I'm fine with that because the programs work for me and thus I don't need to know all the inner workings.
While I'd like to see some production reports at some time, I'm content not having them at the moment because THIS replaces them for me and is bottom line more important than knowing production numbers and NOT this...
From the Jun 11th PR. (you really should try reading the PRs, Badge. Lots of good info in them!)
Hemi continues to be cash flow positive and has more than sufficient funds to complete the three oil wells being developed in Kansas, and therefore has no need to sell shares to fund normal daily operations.
What cracks me up are people, such as yourself, who IMO really don't get it when it comes to this business. Production doesn't mean squat in this business if you don't know the rest of the story. I'd guess 90% of the people who invest in small oil companies don't have a clue that in many cases with OTHER companies (not Hemi) that they have made so many side deals and crappy financial decisions that even if they are producing 5000 bopm they are probably getting LESS money in the end than Hemi does producing 1000 bopm.
I'd be willing to bet you that if Company Y has 500 bopm production and Company Z has 5000 bopm production that 90+% of people who would invest in one or the other would invest in the 5000 bopm company without even knowing enough about the business to ask the questions that would show, in the end, the 500 bopm company is the far better company. Sad, but true. So, while some like to believe that production is the be all and end all, it is not if you don't know the rest of the story. There are listed oil companies out there producing 3000 bopm but they don't see SQUAT for money in the bank at the end of the month after everyone else gets their take. Hemi has set themselves up nicely and are not in this position.
So, in closing, while I'd like to see some production numbers, they aren't a necessity for me because, while I don't get to see the inner workings at the moment (production numbers) I do see the bottom line (quote from press release above) and that is more valuable than production numbers whether you'd like to believe it or not. Some companies can't pay their bills with 5000 bopm production but others may be able to with just 300 and at the same time have way more assets than the 5000 bopm company and also be able to save money too! Too bad many seem to think a failing 5000 bopm company is "better" just because their production is higher. Sigh.
Oh, and I realize some might say "But we don't know how they are staying cash flow positive and they might be using some shares to do so!!!!" but I've already considered that and am fine with it because shares o/s are still extremely low even if they have used some shares to be cash flow positive. Not a big deal to me because while the shares o/s have increased, it is my opinion the asset holdings have increased, percentage wise, much much more. That is GOOD.
