RE:RE:RE:RE:The problem....laymen trying to be drilling experts....Of course the debt is a potential problem. So would be low A3 hole results.
However you'd have to think oil falling down to the $80s or A3 coming in at half of A1 and A2 would have to take place to really have a devestating effect on the share price.
Personally, i just can't see either of those things happening. Oil probably pulls back, but maybe only to the low $100s as a likely downside. As for A3, management did a good job with their predictions for A1 and A2, so I have no reason to doubt A3 will be close to the A1 and A2 numbers.
Like I said before, the MMs know this is probably the last, best time to take a shot at moving the sp down so that they can load up, before the almost inevitable rise. I thought they were going to crank it down to $2.25 to $2.35 a couple weeks ago, but they seem content to hold it in the mid $2.40s. Maybe this is the bottom and the last, best chance to buy low? I expect that once the A3 numbers come out, the sp will be bouncing again.
The debt won't be a problem at all if we get the GSA expected production amounts, on time, and at the predicted price ranges. Sure the last delay bumped the current risk profile a little bit, but not that much, and good A3 numbers will cut that back down again, causing the sp to jump back up.
GLTA IAE longs