Maybe. :-)But you are having a different conversation with...

Maybe.

But you are having a different conversation with shareholders and/or potential investors when you have millions in the bank then you can sell the concept (story) with runs on the board and confidence in Management ...... or even suggest using part of your cash holdings for diversification acknowledging the changing environment and sentiment towards the O&G sector...

Flexibility is key... whilst maintaining a focus on your business model you must also recognise a business is a living, breathing entity which needs to adapt to its changing environment and this sector has and is changing faster than many anticipated....

Consolidate, streamline, bank the cash and let Mr Market revalue the business accordingly then consider your options for expansion and growth moving forward... demonstrate and prove shareholder value as a producer short term... afford the Market the opportunity to have faith in Management rather than fund from cash flow without proving the model and the uncertainty and confusion this provides to potential investors.

I like the plan but would also like the business to bank as much cash as possible as a producer short term and add shareholder value sooner rather than later in this changing sector.

Good Luck All