Great discussion. I am adjusting my sentiment. Perhaps MPO should roll the dice again and drill another well at Barnhart. Hopefully they have learnt from their past performance revise their drilling and completion techniques. A better well performance would improve their divestment and farm-out process.
The question is does MPO have the right management team and expertise to make the improvements, considering they just sack a whole bunch of people.
MPO Price at posting:
24.5¢ Sentiment: Hold Disclosure: Held