Dash I don’t think you could be more wrong.
Have a look at the experience of the 2 latest additions and tell me they are out of their depth?
Its an easy accusation to make when yr underwater.
If you stand back you could say the crs have been poorly timed but the reality is, until the rights issue, the price dough was raised at wasn’t ridiculous. Too many freebies maybe though.
If you stand back even further we have 2 wells in a wilderness, no proof of commerciality, only 35m net pay.
IMO a commercial flow rate is the key element for sp appreciation and the Ppsa is the key element for a partner.
Both have to be squared away asap.
JRI IVZ Fireside Chat - March 26, page-108
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