1) they will keep some Conventional assets
2)MRC will stay
3)The current conventional assets for sale will help lower debt, probably the debentures, but hopefully some of the lein notes.
4)I don't believe they will sell more shares as this is already diluted and investors, both large and small, will run sending the SP further down. They will need about $450 M, for a 12000 bbl/d design capacity expansion, not the $266 as you have said. Since build would take place in 2012.
5) PDP means nothing right now, no stock split either.
6) They will sit tight for 6 months getting production up to 17,000 bbl/d then look for further financing to expand. Sp will be about $2.50 by mid year.