RE: Time for cautious smile....28 Oct 2018 09:14
D45 whilst I agree that every opportunity has a negative in that we have to pay for it, I do feel that Yukon was an opportunity not to miss, acquired for $1m at least 70mmbbl of proven resources and 3Dd before we had even paid for it fully, gateway to the ANWR and adjacent to EXXON and new investors ENI, similarly the recent Icewine leases and in particular the ASRC leases giving us a new "partner" and the fire sale GB leases are opportunities that do not come along to often.
Less than 12M since purchase of Yukon, think there will be progress there.
I am not certain if we need any more leases now unless very strategic and I do not think you are wrong to question our strategy after all we do not want to end up like GBP giving away assets at rock bottom.