OperatorshipThere was some potentially good news in the PR that I think some people may have missed:
"The Company is also actively investigating options that would enable it to become an operator in Colombia."
Maybe they have been saying this for years but this would be excellent because up to this point, this company only has non-op WI production, even though on slide #6 of their corporate presentation they almost make it seem as if they have already secure operatorship. Although their non-op WI's appear to be doing pretty well, it leaves you somewhat at the mercy of the operating WI partner. I am a big fan of optionalilty, and I believe operatorship gives you just that. I just hope their pursuit of operatorship does not come a too steap of price!