CEO Wayne Laufer to step down. President Gary Blackie will assume his role, effective 11/30/07.
End of Strategic Alternatives announced. "No definitive offers were received ...[with]... sufficient financing available."
Good Q. Lower costs. Beat the street. Highest average prod rate.
Company just announced two very large discoveries. This company has a very good track record for its exploration success rate and consistent reserve adds.
Reserves increase to 404 bcfe from 344 Bcfe (12/31/06).
BDE considers Stratigic Options, including possible sale of company