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weskirby - Thu, 30 Dec 04 :

tradx.....sales are down for DOM qtr on qtr from 43k to 38k....i.e. more than 10% fall....to add to my list above....

ofex rns:Dominion Energy plc Newstrack Announcements 30/06/2004 DOMINION ENERGY PLC THREE MONTHS ENDED 31 MARCH 2004
“In February 2004, Dominion Oil (USA) Corp ("Dominion Oil") started applying a new optimisation technology known as Radial Drilling to its declining well stock. Well Bauman #3-5 was drilled with this technology. The well produced 1.5 bopd with some associated gas prior to the application. Once completed, there was an initial flow of 17 bopd, settling at 7.5 bopd after 30 days of operations and this level is being sustained”

teo final results rns:
“Oil & Gas During February 2004, Dominion Oil USA, the wholly owned subsidiary of Dominion Energy PLC, started to apply a new optimisation technology known as Radial Drilling, this has proven very successful and has resulted in an increase in production in the declining well stock. “

Teo and Dom are the ones hyping up this new technology so how can they show a larger than 10% fall in sales as “proven very successful and has resulted in an increase in production in the declining well stock”…..????

imvho dyor etc


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