GREY:MKRYF - Post by User
Comment by
jerrybeon Jan 14, 2015 6:57am
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Post# 23316951
RE:RE:RE:RE:This is past RIDICULOUS
RE:RE:RE:RE:This is past RIDICULOUSThis is quite unlike them and communication in times of uncertainty is paramount. No points for management here. The whole sector is getting pummeled but MEI has some exciting prospects and good wells to talk about. And they also need to update us on the midstream solution. I do hope a positive operational update and a plan for the first half of the year comes out soon.
Like any contract, the farm-out deal at Entice can be renegotiated if the capex commitment does not make sense at these prices. That is maybe something that is holding back a new press release given how material that renegotiation would be. I think it would be a positive if they could obtain some flexibility on that dimension.