I know I may be cynical but could it be that the board also do...

I know I may be cynical but could it be that the board also do not want the options exercised. Hence drilling on the perimeters of the so called sweet spots. If i was the company CEO I would drill the best options first then cap if commercial as this would get the share price on an upward trend.Or is it that they are too far in bed with CNOOC. You may think this is ridiculous but? Maybe there is something sinister happening here.
Hopefully I am wrong?