Do I make 4 then?I have to say that I am impressed with how this company is handling things! I love the spinco, both on it's own and as to how it appears they can cross pollinate their business's so to speak. It should also help with their overhead costs here and overseas I would think. With the profits that should be generated with the new business ($5 - $9 million annually is expected I believe on only 30 Engineers) there will be cash available to this group to get after these very attractive shallow oil fields on their own. I think their plan is to still proceed with a funding partner (if they can find one with good terms) but if they can get in a position to not need a partner that's generally when you can get agreeable terms with a good partner :)
Anyways, considering what has been going on in the world lately, I think these guys are showing themselves to be pretty resilient!
It also seems that they have a pretty loyal shareholder base!
Gryphon