While I agree with most of that, how many opportunities did we miss this summer that might have happened with more $$$ from production? Someone just said how this industry is all about growth. You can't fund continued growth constantly on restricted shares.
You can, but why when you could be doing it off of revenues?
Or if you insist on using shares, which the 50% increase in O/S this past year proves that Keith does, then wouldn't it be better to use restricted shares when the share price is over $1 than $.15?
The share price isn't going to increase on talk about reserves and leases, it is going to increase on revenues only. I can't think of any situation where increasing production and revenues would be bad for us. It increases our share price, leasing capability and overall growth. It also increases our buyout price, IMO. As proven as 'proven' reserves are, recent production is better. I doubt a couple of years of production would seriously hurt the reserves.
