RE:RE:Logical MoveNothing to be glum about. Romero is a good find. Management wanted to hit another major find to increase chances of buyout or financing thus ignored Romero and drilled other places. Haven't hit anything yet but have lots of land to drill. Management must have reached the point that funds will not support drilling other areas and completing upgrade of Romero to P & P.
There's always hope that the additional drilling at Romero might improve the PEA to the point that a buyout or financing occurs. The PEA looks great right now. An improved PEA would be hard for banks to ignore.
Once drilling at Romero is complete, management has a choice to make - sit tight or raise funds to continue drilling in other places.