Very Funny IndeedThe Cowboy is a real knee slapper. Not only does he refer to the Marten Mountain play as yielding tiny little pools, with high depletion rates and wax problems......but he has also refered to our management team as slow, stupid, idiots, clowns and goofs about to screw up the only asset they have. And now he says he has actually bought some shares ! Very funny indeed.
I guess we welcome you to the board....I am so astounded I just don't know what else to say except maybe to be polite.
There is no use slagging the managment team ad naseum. I am sure they are trying as hard as they can. And we are seeing very positive results.From what I can tell, old Frank kind of found every barrel per day that we have at Marten Mountain. That looks very good to me.
I did a little checking on Seaview, as you always loudly proclaim what an excellent team they are. Lets face it, they are just another gas company dressed in oily clothes. You can barely believe any of their production data of boed that they convert at 6 to 1, when they should be converting at 20 to 1. And now they are scrambling to find anything oily to drill along with a cast of hundreds. Beware of all of these huge acreage postions everyone has recently accumulated for these horizontal plays. Depletion is going to be a huge problem here....and even Bay Street now knows better than to buy on horizontal IP's until a year has passed. A 3 month average IP of 250 boed quickly becomes 30 boed......and with a 6:1 conversion ratio....what does it all mean anyhow ?
Seaview managment may be great, and I wish them only the best. But if they are 'great'.....then slagging old Frank and crew is a total insult.
Time to grow up Cowboy.