RE:RE:Release & OilchickHey hockeylad33 et al:
Understand your frustration for sure but between my conversation with them, the news release and the fact the Greg has purchased shares to show he is serious I believe that they want to turn the corner and make some progress this year (albeit mostly on CPO-5). The statements that meant the most to me in the NR were:
"The review generated an asset prioritization with a schedule of planned activities intended to maximize shareholder value. One of management's other main objectives was to also work diligently to improve partner relations and enhance cooperation levels with visible results" and
"Exit the year with production from the CPO-5 Block"
As far as the agreement with ONGC to take a bigger role as operator I am sure that they want to be sensitive with communicating that out as there is some sensitivities during negotiations and they don't want to raise expections as the negotiations may not be successful.