At the end of the day, current management have done a great job for shareholders - it's a pity they didn't keep a greater percentage of their discovery but their US consultant has put us into some really good GOM leases - this latest one, MP-252 sounds like a bottler if you're prepared to believe the figures supplied so far - reserves due out next week on this lease could be a catalyst for a breakthru 20c - current revenue of $1mil+/month should enable us to keep at least 30% of MP-252 pre-drilling. A proven track record will inspire me to keep my shares thru drilling of this lease. If the US consultant keeps on performing, I don't see the need for any change in the Aussie management team - I don't need a figurehead as Chairman(waste of money)and it's hard to attract a CEO that will do a better job than the current US consultant. So no changes please.
ETE Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
