Uninformed SellingI think this article is causing some uniformed selling. The write-up I don't believe is enough to base a sell decision on.
Is the concession going to be tendered out for the remaining area of the basin or for the whole property? As Boston mentioned, EV was grandfathered and I do not think their property will be tendered and I think we are close to receiving the concession. The last line that talks about the preference given to companies already exploring sounds like the rest of the property may have to be tendered, but EV and partner would be given preference. I think the people selling now will regret their decision in the near future.
Lamont