keep in mind management owns around 30% of this vehicle. That is a big tick from me. Those guys have seen a $4m P&L, turn into $800k overnight. they'll want a taste of that money again..!!! ( No doubt they were gutted by the dry hole as much as anyone)...
Mid 3.5 cents a reasonable place to accumulate for the next project..
whats happening ?, page-8
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