RE:Nice to see rational market action on VLECoasting is not an option; if company is not growing they are stagnating. On top of replacing production company must always look for potential of expanding & grow. Thailand acquisition is all mature fields and infill drilling only accelerates depletion, brings it closer to a significant abandoning liabilities. VLE must explore options of adding a meaningful reserves so they can extend life and buy time before ¼ of a billion $ expenditure comes knocking on their door.
For now life is good and company is firing on all cylinders.
G37