RE:Schaefer Mentions RMPIF the plan is to improve drilling methods, locations and increase delineation / reserves and lands while keeping lots of cash on hand until a good offer comes along, I'm all in. Better to keep the oil in the ground and the cash in the bank than have the oil above ground and owe the bank a bunch of money.
Certainly a better approach than the past mantra of increasing production and borrowing from the banks which TWICE resulted in core asset sales and a lower share price (which it should be pointed out, the current CFO and Board member vice-presided over).
Only issue now is what the cash burn gonna be quarterly after netback. And are they hedging (they should be at least 6 months out).