RE: RE: Short SummaryYes, without a doubt they've made some bad decisons with the JV process and Financing. I'm sure many long term investors have made their way to the exit doors and rightfully so. I have less confidence that they will make the right decisions going forward, so like you, I hold with caution..
I do however have a lot of confidence with their partners on the Jaguar well, and hopefully that will be to our benefit.
I now have more than doubled my position because of the sell off but not at all convince I'm in any way better off had they made better choices. Again, I think it will all come down to their success or failure with getting Corentyne ready for drilling and the success in the basin from other operators.
The fifties will likely be here for a while until the closing of financing and/or until some positive news about a rig or other is announced.