Around the 2:45 min mark in the interview and is referencing why he sold out of EFS (in reference to the PVA sale).
In a round about way it also validates why PVA did not take the Atascosa acreage - it's kind of stranded - contiguous acreage is highly desired to make the shale manufacturing play work - per EOG, CLR, ...
MHR had already telegraphed an expectation of $25M for the remainder of EFS acreage on their 10Q - if they sell their NSE shares at 14.5cps then its a rough match. But why would they? May be a very cheap exposure to Australian shale assets.
How's that saying at the poker table go about the fish?
Don't see it working in our favour.
NSE Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held