Perhaps Macky - given his recent reluctant conciliatory post - might provide sensible council to Mr Campbell at Oil and Gas Weekly...?
"Oil & Gas Weekly in its report dated February 9 said the alacrity with which the Aurora Oil & Gas
board accepted the apparently unsolicited $A4.10 Baytex Energy bid and recommended it to shareholders
told us two things. One, the Board acknowledged they saw no prospect of providing a better return for
shareholders by continuing to throw money at the Sugarloaf, Eagle Ford shale play, despite years of
telling shareholders how good the project was and what enormous potential it had.
And two, the majority of the members of the board with their extensive personal share holdings stood to
make a lot of money."
Not a hint of contrition, despite that fact that Company has made a 100bags for its original investors; sold above any subsequent issue prices; and above peak sp. Further that the $2.6Bn bid clearly demonstrated that there is a shared (with the Board) view of the yet to be realised "enormous potential" (Baytex are not paying full price value for an investment). And notwithstanding he has clearly struggled with understanding the fundamental technical, commercial and economic returns of this asset let alone detail on the asset itself ("Sugarloaf" sic). Seems somewhat embittered by the whole thing and undermines his commentary on the sector in my view.
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