RE: Questions about company governenceGovernance or technical ability? Defiant seems to have a full team of on-staff geo-earth scientists. On the other hand, these were high-impact wells the company missed.
I do not own but like this company, dusters and all. It would be nice to have a better understanding of what happened in late 2006. Compare average Q406 production of 1,015 boe/d to early autumn guidance of 1,600 to 1,800 boe/d production exit rates for the year.
I read that some of the shallow drilling prospects were held up by folks in local communities (aka stakeholders). Why was that not anticipated earlier in the autumn? Does this say something about the socio-political competence of management?