Posted On: 01/17/2014 6:43:18 AM
Post# of 39368
In my read on the investor packet an explanation finally came on why no update on the 3.5M contract due to non disclosure again. These folks who are up for lawsuit have really went over the edge.
The thing we need to be aware of when reading the quarterly reports.... is say for instance we sold the Stockton well. It would not book as revenue, but as a sale of an asset and add cash to the balance sheet. Revenue streams will have to be things like drilling contract revenue, oil sales and the like. Am I correct on this?
These financials will be imperative to get to us on a timely basis.
Not sure if after reading this packet if TRRC is as important as I thought it was if they will sell wells when they hit oil. Anyone's take on that?
The thing we need to be aware of when reading the quarterly reports.... is say for instance we sold the Stockton well. It would not book as revenue, but as a sale of an asset and add cash to the balance sheet. Revenue streams will have to be things like drilling contract revenue, oil sales and the like. Am I correct on this?
These financials will be imperative to get to us on a timely basis.
Not sure if after reading this packet if TRRC is as important as I thought it was if they will sell wells when they hit oil. Anyone's take on that?
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