5 Year PlanThere is no problem if Attachie falls though, we will just refer to our 5 year plan and pick the next best project.
Can't find the 5 yr plan, lets look for the 3 yr plan, nope - how about a 1 year plan well if attachie falls though we done, we don't have one.
WOW, talk about risk, and rist mitigation, and principles, and high performance workplace with no plan, that is exactly what we have here, the management has no pants on, and we are all laughing at them.
ARC is not a little small caps gas producer any longer, and management needs to realize they are in the big league.
Question to the board, slide 13 of TOU presention show how they will add more than 220 thousand boe of production over the next few years.
Where is ARC growth profile, 40 MMcf at sunrise (6,000 boe), 10 MMCF Dawson (1500 boe), really it is about 30,000 boe at Attachie, for 600 million dollars. That adds up to 37500 boe of growth, where is the rest of the growth for ARC. Now attachie is not going to happen so ARC will grow 7500 boe in 2021, great management team, pay off more 2% debt, zero management strategy.
A plan does not exist, management should be fired.
IMHO