RE:DrillingAllyboy... for all the whining and complaining I hear about investor relations, slow infrastructure, putting up buildings years earlier than needed, etc, etc, yours is the one complaint that actually makes sense to me.
Road and hyrdo are on their way and paying to do either of them ourselves would be the ultimate stupidity, and would likely (if even permitted) be slower than waiting on the existing projects. Similarly, parachuting a plant into the wilderness when we don't have the infrastructure to lever and support it really hasn't added up for me. Those things will take the time they will take, and are largely beyond our control... and conveniently not ours to pay for.
But we control how many rigs are turning up there. Proving up more resource is the surest way to raise shareholder value and I was surprised to hear that FL, despite amazing synergies with a pretty well known drilling company, continues to turn only 2 rigs.
That has been the thing that leads me to conclude that there's already something in motion and that further resource expansion isn't technically required at this point. If I'm wrong and there's nothing in the works, I'll be pretty disappointed. Diluting my holdings by 2% or 3% to pay for drilling that is likely to increase my share value by 20% to 30% (at the least) seems like a no-brainer.
Keeping the faith.