RE:Comment on ReservesAgreed, the key word is your first "TODAY'
Admittedly I am being over-optimistic on a take-out basis , I learned that lesson in spades with Painted Pony. My avowed aim is to protect minority investors here and elsewhere in the industry from getting a rake-over as some have very recently received . One need only look to the not too distant past to see that valuations can be much higher given the right circumstances
If you think about it those self same PDP reserves are being decimated much more quickly than above ground inventories across the industry. When people come to realize the damage to PDP and as Demand returns the value of the other P's will come to light