RE:Delay in Prospective Resource UpdateKcac1 I live in Venezuela. I saw and continue to see what has happened to the largest gold reserve in the Americas, Las Cristinas gold reserve. You can google its history. Pre-Chavez Placer Dome had it. They got screwed over. Then Gold Reserve. They also got screwed. I wouldn't invest a dime in any country that doesn't honor the contracts that it makes with foreign investors by changing the rules on the whims of some commie. I think most Canadians my age can remember how Pierre Elliot Trudeau screwed over oil&gas companies in Canada in the early 1980s with his National Energy Program.
Regarding Corentyne. Here's what I've learned from my small, informal network of contacts. No deepwater drilling contractor nor government would allow a drill stem test (DST) on an HTHP well in open hole. The hole has to be cased. So if they drill to TD and case and cement the well to TD then they can test it. They are definately NOT doing a DST right now.
Yes, from what I've been told it can take over a year to integrate and analyze DST, seismic, well data using geological modelling in order to arrive at a resource estimate. So yes, this is not Jed Clampett out shooting possums striking it rich all of a sudden and moving to Beverly Hills.
As for disclosure requirements, I'll leave that for the legal experts. As for the financial stuff, I barely understand financial accounting at a rudimentary level. I learned the little that I know by spending about 100 hours learning it using Needles and Powers text book.