Agreed buddy... We should drop one of the existing useless directors. I don't agree with you in regards to selling up. I dont think this will have an impact. It is quite evident that none of the existing directors have a clue when it comes to valuation of assets (I.e mungi). This guy might be there to give the rest of the board direction.
I think option 1 (preferred) is to find a good strategic partner to develop all our acreage, we can then proceed to explore which is what we are pretty good at. If we can't then option 2 is for a sale, sell everything and distribute back to shareholders. Under no scenario should we consider trying to develop our own acreage. We haven't got the capability as evidenced by the comical drilling campaign in spearfish and wolf camp. If that is the outcome of the strategic review I'll be selling before all the cash is wasted.
MPO Price at posting:
29.0¢ Sentiment: None Disclosure: Held
