RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:.66 offering Without question.... but it's easy to say why didn't they raise $20mm back at $1.50? I was thinking the same thing, hindsight is always 20/20. They need to plan a bit better, but I don't think it's a lack of ability, things are just crazy right now in the O&G world, and it's making it challenging for anyone to plan correctly. My company drilled 17 wells last year. I think our average day rate was $10K-$12K for the rig; the exact same rig now is $30K, steel casing is insane right now and very hard to come by.
It's not for the faint of heart, that's for sure, they have great assets, and I bet all they want to do is drill holes, but they also have to mess around all these hedge fund idiots who just like to game everything in their favour.