RE:Flip a CoinTotally agree SportyJ. I haven't posted in a while but have been reading the comments. I can't understand some of the trashing that has been going on.
I guess that some don't like Suresh. Yet also in top management we have Drs. Jennifer Budlong and Dr. Mark Zoback. Read their bios. About the best earth scientists on the planet. The operations and engineering team is about the best on the planet as well. De Alba didn't recruit a bunch of losers, that's for sure.
Yet the bid interest is so low making it easy for the MMs to walk the sp down. What would it take to boost the bid interest? SportyJ I think that you're right when you say that the majors now know what Corentyne holds. Oyl and fec sp reflects that. Oyl deep in debt, no revenues has a sp over 5 cents! Amazing! And fec now almost 3x since Kawa spud. Maybe their value is already baked into the sp. The hangup now is funding.
No clarity on that yet and there won't be if PlainviewOil's comments from a couple of months ago are true, in that, it takes close to a year or more for potential JV or farm-in partners to analyze the data and correlate it with what they know. It makes sense too. What CEO and BOD would contracturally commit billions without being darned sure of what they're buying? So these doldrums in activity will persist for a while yet is my guess. Maybe they're all waiting for Wei results before they commit.