We all realize the PR's are always full of a lot of "safe harbor" language and certain phrases like production "capacity" instead of actual production and of course using short term (5 minute?) test rates extrapolated to daily rates, etc, which is meaningless. I guess the non-oil biz experienced reader would think its real but us experienced oil men don't give those PR's much credence and always look for third party regulatory reports for the actual real numbers. In the past, most of readers would "believe" the numbers, or read into them too much, and buy this stock after those PR's but it is very obvious the masses have caught on, or wised up, unfortunately for us long investors who are looking for a bump up...caused by anything (even a juicy rumor).
You may want to call the DOG in Ventura at (805) 654-4761 to see if TIV has any Oxnard oil field wells (Zaca wells) held confidential, or not. Lynn sure thinks they are.
I would say some changes are dearly needed and FAST! Maybe that will help the stock. Otherwise, it looks like longs lost many $10's of millions betting on this one. What a shame!
Geo