RE: WY Oil & Gas Conservation Commission28 Dec 2021 22:01
Cawcaw, atomic has recently changed hands, has had flooding, got higher than expected pressures because of it, paid for top side upgrades to cope with this, but had to reduce production because of above, oh and currently bidding on cuda at the same time. We also have pretty good reserves as well right? This isn’t crypto.
I feel like some people are treating copl like some wild cat exploration company. Are we not upgrading and expanding our company for optimum future production?
Or am I deluded?
Spent 2 months on a oil rig once, cementing had gone wrong, daily costs in the tens of thousands and no production. Sitting over huge reserves, took a few months in the end to get back to “normal” … it’s about fine tuning the asset for the longest time possible not just going full steam ahead to please shareholders short term. There is a 40 year incline curve here is there not? Or did we buy this at the end of its life? I don’t think we did, but may be mistaken.
We need an RNS to clear everything up to date. So many opinions and emotions on here.