In my opinion, this comes down to management, corporate governance and structure. Management have previously said that they would split the company. that would be the rational and proper thing to do. Let the drilling company stand on its own two feet and let the gas prospects be rerated (hopefully). Also they have previously said that Mr Campbell would no longer be CEO and Chairman. The problem for the existing management and board is that if there is more transparency and accountability then issues such as the deal around Monument become more transparent and their competency or otherwise of running a drilling operation become more obvious. Just my opinion do your own research.
AJL Price at posting:
$1.21 Sentiment: None Disclosure: Held
