How can you continue to defend your ROI calculation when it is so clearly wrong? It assumes that there is no value at all in the capital spend at the end of the reporting period, yet the wells were still there flowing over 2,000 boe per day.
To get a positive return using your calculation an asset would need to generate the same amount of revenue as it cost in year one.
Anyone who truely believed their position would have defended it with a logical argument. Running and saying your on ignore is the position of a man who knows they are wrong yet doesn't have the strength to admit it!
RFE Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held
