RE:RE:Correction to BBEP purchase I agree, so far the asset sales don’t appear to have been very accretive to the shape price, but they have allowed Lynden to fund the drilling program and grow production at a fast clip. In the long run, growth in production should increase the share price.
The other catalyst is obviously a takeover, which is what I think everyone here is waiting for. We will have to wait on Crownquest to sell and ride on their coattails. Their website says that they have 60,000 acres prospective for the Wolfberry play, which is a pretty big slug to swallow. They are private equity, so their goal should be to sell promptly in order to achieve a high IRR. In the meantime, we will have to rely on continued growth in production to buoy the share price.