The problem here
Is the uncertainty about what kind of deal they're in the process of making. The Canadian "deal" they got looks good on paper, but has so far been a money drain in terms of cash flow. I believe they would have been better off saving their cash. How many mililions have they put into Canadian if you add acquisition cost and capital into the ground? They don't have much to show for it except for paper reserves that don't seem entirely believable.
At least they state they're principally interested in the Egypt-area for their next expansion. Canadian oil at the small-cap level is far too competitive. That's why I'd like to see them sell Harmattan for as much as they can and put the proceeds to work elsewhere. HOWEVER this is a very good team with the best expertise, and they have a better idea of what they're doing than I do.