I have been thinking the same - given the current market cap...

I have been thinking the same - given the current market cap does SEA really need 40k EFS acres? Maybe reduce a bit and de-leverage. When oil prices eventually recover they will need either some cash in the bank or more debt to increase production again anyway.

Maybe they should look at selling off a minority working interest, there seems to be some interest from private equity for this given the AWE deal the other week.