05-23-2013, 08:07 AM
Well my thoughts on a buyout are that it is complete insanity. If we took both of our rigs to Tri and drilled 2 wells at the optimal locations we could potentially add 4 TCF in 3 months at very low risk. Why would the top ten holders want to sell the entire company now when in a potential 3 months they could increase the company value by 33%??!!
Perhaps an entire buyout of PRL 15 and then rinse and repeat on future PRLs, but somehow I think our whales have a longer term vision than the next year. I strongly oppose a complete company buyout.
Gator - 2
Jft - 1
Keep it on Ice,
Hemi

