Past year: ▼ 47%(2.00c – 5.00c USD)
Each one in plain English, with the numbers worked through for a shareholder.
15 Oct 2018drilling progress report▲ Good
Thirty-nine wells worked over on four Panhandle leases in Hutchinson County, Texas: the first twenty are back on production at an estimated 4,560 MCF and 450 barrels of oil a month, roughly $60,000 of gross monthly revenue, and thirteen more restored in October should add about 750 barrels a month, roughly $70,000, from November. Thirteen workover candidates remained.
10 Sept 2018drilling progress report● Neutral
Thirty-one wells worked over since the Panhandle acquisition in Hutchinson County, Texas - twenty-nine potential producers plus two saltwater disposal wells - with all twenty-nine restored to production and under flow testing, and nineteen more to do if funding allows.
13 June 2018drilling progress report● Neutral
Camber corrected production figures it had accidentally carried over unchanged from the prior quarter's 10-Q: actual output for the nine months ended December 31, 2017 was 238,831 barrels of oil equivalent, not the 158,555 originally reported - a meaningfully higher real number.
14 May 2018drilling progress report● Neutral
Six wells reworked and put back on production at the Okfuskee County, Oklahoma property, which had one barely-producing well when Camber bought it, with three more workovers due within 30 days. On the Panhandle property in Hutchinson County, Texas, Camber met its final closing obligation and has worked over five wells, with another 38 to go if funding allows.
28 Nov 2017drilling progress report● Neutral
Finished reworking six gas and NGL wells in the Coyle field in Lincoln and Payne Counties, Oklahoma; twelve legacy wells there now produce 25 barrels of oil, 2,300 MCF of gas and 2,550 barrels of water a day, the gas 65% NGLs at 1,750 BTU. The release also sets out net production from 54 Hunton wells and from 40 Apache-operated wells in Glasscock County, Texas. Richard Azar signed as interim chief executive.
23 Oct 2017drilling progress report● Neutral
Camber reported results from recent well workovers and outlined future plans, without disclosing specific production figures.
