OT stuof.ob Very disappointed in this stock. Reported over 1000bpd in 12/04 but for various reasons, haven't been producing at that level since. Weather conditions forced closing of one well during q3 ending 3/31 and Canadian regulators shut down another well for testing in same period. Both back online in April.
q3 was not profitable but should be profitable if they can get back to 1000bpd consistently. Today PR was positive, in that they farmed out noncore leases and will still retain 40% interest with minimal cost. They said they are spudding two new wells in the next week.
Stuof.ob has developmental(lower risk) wells to drill at Teepee and Gordondale that should add to production and reserves. Sold some a few weeks ago. Will probably hold remainder to see if they can show decent profits. They are already cashflow positive. Bobwins
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