'efi426hemi' pid='22847' datel Wrote: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
I love it when you talk dirty D! I guess you are as tired as I am about this minimalist talk abouut $1.00 and $1.20 bid prices and the lack of foresight about the future value of the additional potential drill sites. $200 on the surface sounds good to many in a relative sense but not in the true assessment of the properties we hold and what this portends as we get cash in hand and drills on the ready.......People have to get a sharper pencil!!