Not working for a tier one I'm unable to substantiate what they...

Not working for a tier one I'm unable to substantiate what they spend on or invest in, likely many different areas. New leases are unproven acreage, i'm confident they buy those. Lest we not forget Dear Mr Basinski was not unproven!

No one knows what anothers optimal price is, it could be the BOD want a clean $5 mill each, or as life continually changes and unforseen events happen 10% might work for you as an individual, it's all about the personal timing.

 At the end of the day I have my opinion/logic you have yours, it's what makes us different, without individual logic we would all be buying 88E at the same time and all wanting to sell at the same time.