RE: patience a virtue? u guys are very generous with the excuse you give to management. you speak as though RPS office is in nigeria with african employees. delays in africa are because of the government hurdles not because you have to interpret a seismic piece of paper from there.
there is no excuse for this unexpected delays, and this latest one takes the cake. in december they said they completed tsb 1 early december so it can be included in the report coming in january. here we are in may and they said tsb 1 is not included in 2011 reserves because it was drilled in dec 2011. these are contradictory statements and it does not make sense at all.
i think they are simply buying more time hoping to get the 40 cent warrants excersised so they dont run out cash. but the pump job already failed, nothing will take us through 40 except actual real news of a takeover and not just the company boasting to everyone like glorious wanda that they will be purchased for over 100x the price they paid for TSB. very nice pump job, its infected everyone on the board. everyone thinks they have top secret info, but we are just pumping the stock for these guys.