RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Encouraging Well Hey Kav.
To me the key takeaway is that BNE does not NEED to reinvent themselves because the asset base is that big and that good. Instead they addressed ARO obligations in the last two years, right sized the debt, renewed management, and they are adding some infrastructure for the next stage.
YGR probably is good for another 2-3000 boe before facility work is needed although they will need a bit of pipeline work. They HAVE to start hitting some bigger wells though. They need the drilling mojo back.
My only real new point in my last blather is that I think they both need to start pursuing some smaller transactions to get some interest from the Street.