That is correct. This mob here have been VERY average over the last 18 months. I don't think they will last much longer, hopefully get chewed up by a bigger player who might actually do something with there acreage before they lose anymore. IE Colorado and DR11. I bet my balls a explorer/producer finds gas/oil from the Colorado tenements TTE let go and as for DR11...my goodness that was meant to be like a HOLY GRAIL 12-18 months ago as we owned 100%....of nothing = nothing! not to mention the money we were told was meant to be spent on drilling those "MAD" like salt domes which instead was spent on buying into other prospects. Yeah I am a little annoyed at being 80%+ down on this shitter 17K down on this turd of a company.
Of course how pathetic I think the management are is only my opinion, I am sure others on here think they are competent, top blokes
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