They need to back that up with production though. Right mow there is an imbalance in the company's valuation on a reserves vs production (earnings) basis, and that imbalance needs to be addressed.
Reserves is good, but earnings growth trumps reserves.
There would have to be a very good reason why they havent drilled some shallow fairway wells.
Cheers, Sharks.
what is mad doing with all its rigs?, page-9
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