some back of the envelope calculations , page-5

Thanks for all your reply guys.
The way it rained thumbs up on the posts that bagged management says a lot.
The first question is whether poor management is over reflected in the low share price.
The second one is, do I break one of the first rules of stock picking, and invest in stocks with gbad management.
BPT is the operator on APT885P, surely management could not stuff up, conserving cash until BPT does the horizontal drill in Q2 2012, and once the gas flows, sell their 40% to the highest bidder or are they that bad?