By now Connacher should have a realistic view of what their property likely has in the way of total commercial resource. Therefore it seems reasonable to adopt an approach of working with drilling so as to define resource and focus on near term development.
It seems to me some priortization is needed and elimination of all activity which does not support the viewable plan of getting to 50,000 BPD. As to get to that point is likely to take 4 to 5 years, we have plenty of time for determination of the needed work beyond that time frame. The objective needs to be to get to the 50,000 BPD objective as rapidly as is possible while proceeding with due care and deliberative caution. Two to three years from now allows adequate time for determintation if we wish to go beyond 50,000 bpd and then go about doing that which is required to go beyond such a production level if desirable.
To do more than such, in the way of resource identification would seem to me to be potentially indicative of a desire to sell GD once a certain production level has been attained.
And considering the age of Gusella in concert with what the "stock option plan provides, such may be the actual objective. At least Gusellas objective!
Brian
