Carllos,
I have just gotten back into town and have not yet read through the rest of the posts, but I will throw this in here:
1) No oil company is under obligation to release results of individual wells for a given period of time after they are completed. Obviously, a company can choose to do so if they wish. I am not familiar with the oil and gas regulations in Colorado, but, as an example, the rule for the Gulf of Mexico is that all logs must be released after 26 months. Well tests and any interpretations of the data, as opposed to the raw data itself, are exempt.
2) Once per year (around October), each company must fill out their SEC returns, which are public and must state estimates of reserves in various classes i.e. proven, probable and possible, with subsets of each of those. Once again, results of individual wells are not required, only categorised reserves associated with each field.
So, the answer to your question is no in this particular instance. UPR is perfectly within its rights to withhold this information. Although I sympathise with the IMMM investors in this, I would also have to side with the UPR decision, as I have been in the same situation constantly for the past 17 years. It boils down to this: proprietary information equals competitive advantage.
Sorry that I can't be more positive, but hope it helps anyway.
Mike |
