Comparing the August 31 2012 and August 31, 2014 quarterly reports, those are the differences I saw and IMO they were improvements and expansions to the company, not contractions.
As far as I know based on the company forum posts, Rice well is not back to pumping. However, the thing to note is pumping was stopped for remediation of the other Rice wells and there are plans to continue production, per the company forum.
I was wondering about the Venango leases. It was stated that those were forfeited, however, the invoice for drilling the rice wells was included in the debt settlement. I am not sure if that means when the debt settlement is paid those can still be drilled or if those are gone.
I guess we just have a difference of opinion on increase in shareholder value. When I looked at the differences between the 8/31/12 and 8/31/14, I see progress and a good amount of potential.
