'admin' pid='65114' datel Wrote:Sad that we are all bickering when we all have the same goal. This is what happens when there is repeated delay. It is time to deliver to give this company some credibility in the market.
But do we even know why we have experienced these delays in the first place, and then what can be done about it? I think that's a much more productive line of inquiry than blanket blame of management because our share price is lingering and goals haven't been met.
While I don't write with any intention of absolving management from anything, I simply have no definite answers to these questions, only some stylized facts, like:
- We did have to drill with old rigs (to save licenses) and new crew
- We didn't have any experience in drilling so much at the same time
- It's a terrible environment for oil&gas companies
Feel free to add (or subtract)..
Admin - Thanks for beginning your thread with Steve 3752's closing sentence from his 1:28 pm post yesterday on "bickering". [ I guess one would expect this when frustrations are so high by many on our board ]. When the bickering is accompanied by civility,I believe it is a little easier to digest.
Imho,your 3 points are well taken. I would like to add,(as you said we could do),that if our BOD would search for a way to reduce our quarterly expenses to 15 million per quarter from 25 million per quarter while our revenue is ZERO( as Staros mentioned in his post yesterday @3:45 am),then I believe we WOULD gain a little more credibility.
Btw,as to your # 3 " terrible enviornment" , I did not want to believe it before,but I now believe that the current situation is going to last a bit longer than I first thought possible.( If the old ticker and body will last,maybe I will be around to see it ! ) Good luck to all ( sometimes exasperated) longs .