RE: The BOD22 Apr 2019 22:14
I'm not sure if I'd be too ruthless on them and land myself in trouble (kidnapped by some sort of mafia). I've said before if I was Joe I would of tried to buy out GSPC with an offer they couldn't refuse. Then pay the debt off through oil and gas sales, (will have to increase the amount of shares unfortunately for extra funds but I'd also introduce a 2-3% dividend yeild to holders once our first load of profits start coming in). Dividends = more buyer interest! While all that's going on, you'd look ahead to place more bids for more drilling areas plus, set up an exploration team. Sounds very busy and expensive but once we got the production line going, the worlds your oyster.
TicoR said 3-4p on gas, if we are also doing oil on top of that, won't we be 6-7p?
The BOD would hate me but I'd also suggest a pay cut to aid with company growth, except for the boots on the ground. (The worker ants are the most important to keep happy)