Im at a loss like most here at the direction where it is now and for the short term to come.
We can all point fingers and blame so and so as to why this and that never happened. Obviously the rules have changed and the heat is being felt by management and shareholders.
I feel that the company has progressed in a smaller way than expected. Stakes were taken up on outside projects and while the PB stands more or less idle. If these diversified projects come off its still added revenue and we need enough from them to fund the PB, but SRH #5 is a must to push the revenue stream. I think this is the main approach at the moment.
Somehow I still feel that #s 1 and 2 will be ok but its a matter of when. They havent had much production time but from memory they have 3000 and 6000 barrels produced but shutin for most of the time. Hope they will be fracced shortly.
Acreage, love your work and really missing Morebulls and Whiskeys input.
Noone likes the dilution and its hard to say what the companies opinion is in reality. Must be reasons why its done this way. Hopefully they will give the Investorgroup a bit of time to present their case and listen to them.
I hope everyone here keeps cool headed and post it simple instead of letting emotions come into play. Some will comment what you dont like but dont fall into the old bait trap and suffer the consequences of suspension or moded.
GGP Price at posting:
0.8¢ Sentiment: None Disclosure: Not Held
