Morning Scarlet. Cogis have indeed updated & show September Production figures. I have already done these for my Lies, damn lies post - presumably using hawk RNS? - can't remember. However if anyone wants to see them again - just ask.
Two things I would reiterate is that :- We have now produced over 500,000 barrels in the first 9 months of 2015. Our MAT has been OVER 700,000 since the start of 2015.
There have been some misleading posts about a massive decline in each wells production in 2015. How can this be true if we consistently hit a mat of 700,000+ AND without the benefit of further drilling?
Just a view.
I do have a question for the other posters. If we have (as we do) fixed price deals for most of our production should we :- 1, Mark time on drilling projects til the POO recovers. ....................................or................................. 2. Spend a fortune on drilling so we can sell the surplus on the spot market for peanuts?
I rather think most of us already know the answer.
I agree with much of that- I suppose the question comes down to whether or not we are under or over valued based on this. For me, the answer seems plain, but the market will decide, and I don't trust it to behave proportionally or logically. However, if we get a good result from the waterflood and tespecially if he oil price is staging a modest recovery at that point, I think you could see some good rises here. The market is obsessed with bopd and if we can have an accouncement saying we're back above 2,000 I think that will do winders for the confidence. I think it could recover to at least 3.5p-4p quite easily. I'm more exposed here now than I would like now from averaging down, but Hawk has in the past always shown an ability to bounce back. It's not a typical AIM dog. I've done very well trading Hawk for three years now- maybe this time I'll get punished for falling in love with it, but I hope not.
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