RE: anyone in on the conferance call? Quite positive. Apparently they are negotiating the offtake prices they receive and expect to get several percentage points over the 70% of Brent that they currently receive. Will be finalized by the end of the 3rd quarter. The liners that they were experiencing delays in getting to do the remedial work will now be received by August and, therefore, they expect to complete the remedials by the end of Q3. Their drilling efficiency continues to increase with experience. With the same 5 rigs they drilled 30 wells in Q1 and 38 in Q2.
This stock was driven down to unrealistic levels by people that do not fully understand the dynamics. Their loss, our gain. The company ran into problems. They learnt and are now addressing them.