Dormie, I may be clueless as you say, but PVA recently picked up free acreage when the LaVaca partner opted out. I don't see how that will cause a PUD reduction when it is a new addition.
My major concern is that the last two LaVaca wells seemed rather mediocre. I don't know what the reason for that is but perhaps there are some issues with drilling this section of the LaVaca acreage.
I think that PVA can do better in Gonzales right now.
Agree that stock action has been disappointing with oil prices rising for the past month.