RE:RE:Stockwatch article Aug 29I believe NFG management has no intention of producing an MRE, as an MRE will hand-cuff the valuation of the company should they enter negotiations for a buyout.
Furthermore, by simply putting out pure data on cores drilled, potential suitors can come up with their own MRE and appraoch NFG with competng offers when the time is right ~ this will provide a negotiation advantage, being pursued as opposed to being the pursuer.
Very similar strategy to the Great Bear acquisition ~ and I believe NFG management will make a strong push towards development (or at least make a very convincing one).