wakeup to gdn valuation, page-5

What i don't understand is why keep applying to drill new wells (Hence just poke holes in the ground). When they should really be doing a proper 3D on the field to find the best spots and bang for the buck. Managements way of doing things seem a bit backwards to me, I know they want the options in the money. It will be a tough sell to get them money, but maybe they should start with some buying of their own.