here comes the retrace..., page-27

Davo,

a heavy taking over blue ridge after boling/nash starting up would be a great thing, consider this:

28 million 1p + 72million 2p

if you value 1p at $14 and $2p at $5

just that asset alone, would be approximately 700million dollars.

MAD could use that cash (or even half that) to buy more rigs, and develop the bigger fields boling and nash, far quicker than consistent reinvestment.

IMO it would be a good company decision to either sell one field once others are proven or JV to increase production.