I think this is great news. Lets all be real honest here: J. Michael Kirksey was not exacty a bright star. The deals we has negotiated have been problematic at best and END has shown trouble closing the deal. Kirksey was supposed to be a deal guy---so much for that. The banking deals we have, with borrowed money at 12% aint much to brag about either. Course he does have a #$%$ degree from some place called Harding University so he has that going for him. Anyone not think that we can do better? I do.
I spoke with some folks at corporate headquarters yesterday and it sounded like the CFO "departed" because funds END raised were consistently underestimated. Poor planning, rather than malfeasance, appear to have been the problem and the board apparently lost confidence in that exec's judgement. It happens. A conference call on Thursday should indicate how production is developing. When all is said and done, that---- and debt management--- will drive this train.