Looking back at the GC21 acquisition, they needed to dangle a carrot to get the CR over the line that would payback Molton for the C/notes. In hindsight, one could suspect that the perceived economics of GC21 might not have made the grade otherwise.
I do hope they're being picky this time. Better to do nothing than destroy more shareholder wealth with another unnecessary risky project.
2 edged sword on the improved oil/gas price. We get more $$ for our production, but the price of potential acquisitions also goes up ?
Talitha-Alaska, page-1269
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