RE: Why is this downI think it has to do with the fact they have nothing other than the RH field right now. They need to hit a new field to get the price moving again. The 10% cappella field hasn't drilled a hole since the 4 chinese workers with Emerald were kidnapped. Only good news to come out of that is the FARC leader in charge of the kidnapping was caught this week. The trucks from cappella have also been getting shot at as they drive south. This field is going to take years to develop. The only real hope we have of getting some new production online is the C&C Energia farm ins. Lets hope they can hit something substantial. This will drive up our production and book more reserves.
Management has also dropped the ball this year. They promised a lot and delivered so far on two exploration wells that were both dusters. They had planned a very exciting year for us lol. They also took out a bunch more options at .93 a share. They aren't afraid of diluting our money.