Unfortunately if management knew what they were doing, Icon would already be on the safe side of exploration/production divide.
The more I think about the performance shares, I just can't believe it. Imagine if you were a top surgeon being paid $500000 a year, and on your first operation you tried to make an incision with some forceps. An oil exec should know what rig is needed to get a job done. Let alone asking for performance bonuses after such a huge error which has delayed production and is going to result in significant dilution for ordinary shareholders. When you get paid $500000 year, you should be in the echelon of employees where large mistakes are just not tolerated.
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