Questions about company governenceI am just wondering why they had such a low sucess rate. It seems ridiculous that they drilled high risk high impact wild cat wells at a time when the gas markets were depressed. Now they seem to have their tales between their legs, promising to drill and focus on lower risk drilling that will bring production to 1800 boed by exit 07. Lets hope so. By the way did anyone ever wonder what the heck seismic they were following, if any. Technology is much improved and drilling sucess rates have dramatically improved. Maybe they should demand some warranty on thoese 11 dusters! Anyways sorry but really needed to vent that to DFR management.
Long term, I think this one is an underdog and will come back in the year to come. I like that management put their own money on the line by purchasing shares to finance the company at $3.60 Hopefully they can reach their goals.
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