what's happening, page-6

I think they lost the plot when they started chasing after the expensive Niobrara drilling. Many smaller companies have spent more than they expect to recover on these wells.

The last Quarterly seems to indicate they've put the Niobrara on hold & will concentrate on the cheaper to drill Pierre formation. Our next door neighbour Austin (AKK) has just done a placement to accelerate their Pierre formation drilling.

I originally invested in this company because they were cash flow positive, drilling smaller cheaper wells, a small version of MAD, just hope they revisit this path.