Agree with your assesssment on a significant event in the 3q this year. It seems interesting that niether of the them decided to wait and collect an additional 3 months salary before getting the severence package (as I read the announcemnet they would have been eligible for the same pacage, just 3 months later under the proposed extension)- I can only imagine that either 1) they both want to leave no matter what happens with drilling or, 2) they feel that the company's cash position would be much more tenous in 3 months and could jepordize their $1M + severance payout if they wait. Also not quite sure why the company didn't just extend the contracts for a year and avoid the near term payout insteqad of trying to extend (but that obviously wouldn't have been as profitable for the executives- so maybe it was driven by RL being loyal to "his guys"- but the board obviously went along with it, so...)
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