It's irresponsible. Something stinks like fraud behavior. The company is being destroyed from two ends. Bad management and low gas price. Management will burn the company to the ground before gas prices go up in about 3 to 5 years.
The only way they can is to borrow the money or continue to sell assets. Either way is bad. They should give up this charade and try to sell the company. They could get $30 per share according to Seeking Alpha. I don't know if that's true but it would nice.