Johnny,
"The rest of the downside cant be recovered until such a time as the Permian drill program or JV details are back on track".
Forgive me for my ignorance, but aren't they still ON track.
I'm sure the update said "by the end of May" for the JV.
That still leaves 2 weeks by my calendar.
Sooner would be good - but lets have some patience, and at least give them until the date specified.
all things valuations in the permian basin , page-79
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