Have to agree with the negatives on this one, increasing your foot print by 1/7 by increasing your market cap by 1/5.
On a 50 barrel, the wells are costing $500k right now it's probably going to take 8-10 years to break even, then when you add in the cost of two other failed wells, it will take all 20 of those years just to break even.
We were all hoping for 200 barrels+ in this area, that isn't happening no problem that is exploration, but this isn't a situation to me where you sprint out and pay millions for additional land.
They already have 300 targets, thats a life time of drill targets was more land really necessary? if we were seeing 500 barrells a day sure, 50 barrel results though..... for the drill cost yuck.
