RE:RE:RE:RE:RE:if you wanted to buy this company outright you'd pay LloydG1954 wrote: The question for all who seem to be rooting for a quick sell is " why would any one in their right mind sell an asset with half a billion barrels in the ground and a surface infrastructure well on the path to completion for a buck a share, or 10 buck as share?" At 10,000 BOE and .5 cost of sales and a 15 PE multiple, that gets to $3.00 real quick. I'm not looking forward to leaving money on the table for a quick sale.
And the answer is operational risk. We have already experienced this with 1) the initial failures of Stage and 2) with our current processing plant which only seems capable of operating half the time.