I too have talked with Jim a number of times. Always as candid as he can be under the circumstances - both with successes and challenges. Target locations are ready to drill as soon as funding in hand. With operating costs pretty much covered, new wells provide nice net $$ toward future production & acquisition. Not huge, per well, but very nice.
Many other non-drilling/non-production distractions are behind them now, such as joint-venture buyouts and related legal issues, sales and tracking of old properties and related security deposits, etc.
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