tahi, that's quite a scary post!
Because, if what you say is correct, then we might as well turn out the lights.
because if the mgt and Board cannot get the fundamentals of Bakken and Spearish straight, then we have no hope.
if you say that 20bbls/d MPO is producing is uneconomic, and even 40bbls/d is uneconomic, then we need to ask what are we doing there, and more particularly what is the competency of the mgt and Board?
if your claims are based on fact, then we s/h need some answers. someone posted that MPO has spent $100m on Bakken and Spearfish, so there goes most of the money from sale of Gloucster.
In the process of voting for Board change, we s/h really need answers to this issue.
its really basic O&G stuff imho - if they have stuffed up we need to know prior to lodging our votes. its entirely relevant to this EGM process.
maybe its the Bakken Spearfish investment that Beck & Co are worried about, and refer to as potential asset sales.
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