R15, I don't think the drilling permit is an issue but before the drilling permit was submitted the unitization had to be in place or agreed to by interested parties. There appears to have been an issue here which from our quarterly has now been resolved.
Our strength is in our management, the partners (ie Petrodome), the free cash now generated and above all a sound business plan. Imo we are in a good place but it takes time and there is always risk in the drilling no matter how good a prospect is.
SP will go up & down but in my view it is currently not based on fundamentals but sentiment and sentiment with continued results will eventually change, anyway the journey continues
All my opinion only
Bw
http://ucmwww.dnr.state.la.us/ucmsearch_070611/UCMRedir.aspx?url=http%3a%2f%2fdnrucm%2fucm%2fgroups%2fconservation%2fdocuments%2fooc%2f4503005.pdf
http://ucmwww.dnr.state.la.us/ucmsearch/FindAllDocuments.aspx?query=xrefnum%3D'140-H-2'
bingo, page-32
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