I see people on here constantly moaning about no facts or figures with our RNS but if they slowed down the pace and thought for a moment maybe we wouldn't have all the conjecture about why no figures for revenue or sales have been published.
We all know for a fact that we are "producing" the "planned" 2mcfpd which in revenue terms equates to $500,000 per month.
This doubles our revenue stream from $6Million per annum to $12Million
We were producing 200bopd, now with the gas production we are now producing in excess of 500 boepd(533 boepd)
Therefore let's see, have sales figures been published? Yes Do we how much this gas is generating in revenue? Yes
The only thing that remains as far as I'm concerned is an RNS relating to the FRACKING equipment that was supposed to have arrived early April. I want to know when operations will commence on this 4 well campaign as we already now KNOW that we are producing gas and at the "planned" rate.
I believe we will get an RNS confirming flow rates which will be at a later date, most likely with our annual results. With these results will be some " forward looking" statements and one of them may be in relation to increasing flow rates and potential revenue stream from said increase in flow rates.
So in conclusion, chill your beans, have a bath, wear some fresh pants and get ready for some more disappointments because no doubt there will be some on the way, after all this is FRR and we are used to them taking the michael!!!
That been said, we live in hope, will a leopard ever change it's spots?
Darwin certainly thought so!!!
Let's hope his train of thought took SN and his crew into consideration!!!
Well done mate. I haven't got enough to fill up my isa. But 2 1/2 mill will do. I hope we both get at in a position where we have saved money by not paying CGT. That means Frr being about 3.00p. That would do for starters. Lol I would be quite happy with 3.00p by year end.
Now, this is different, this Georgian report says we have started production at 2 million per day.,. but its dated March 2014..Should be top hit.. http://www.globalshift.co.uk/geor.html Something odd going on here .. night all
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