merger details out, page-198

nursery

from those adi days, i recall and admire and respect your trading and your successes

can i ask, did your volumes, as you accumulated larger bites, impact the relative sp of those that you were trading in and out of? did you set size limits on the trades in and out?

and lastly, if you think i have been rude in not emailing you for a few years, i had a laptop stolen and lost your email, so if you are able to email me, my email address is in the profile for agentm if you click it.



as much as i agree with your perspective riche, and i understand the end game is SEA or perhaps dilution.. I am not conviced its the only end game..

i still think revenue from wells would have been fairly substantial as you start to get 8 wells running with improved IP's.. you could be paying for a well per month with revenue in no time when starting to produce 2500 bopde after a few wells are fired up.. so things change in terms of cash flow after a few months.. and you can do things with lease agreements to get extensions by paying penalties rather than loose a lease.. so dire is correct, but not impossible to run the wells and then once you have a hold out on the acres.. then you can negotiate from a better place.

even farming out interest in a few of the last wells only, (not lease area in total) is an option to hold out the entire 7,400 acre leases for the bigger picture pay back

imho the way its being presented to the shareholders is perhaps a picture thats convenient, but imho it may not be the one that delivers the best value..

so for me it remains a NO as i am not convinced the SEA deal is the only way out..