RE: WaterPorthos,
That's a pretty bold statment to make considering that we are about to plunge back into the high 40s this week.
There is a great deal of history to support O.T.W's positioning/strategy and none to support your comments. Who could ever have imagined that we would have had to wait this long and still have no oil production to show for it?
Questions...
Are you sure that IE won't walk away from this project or leave it on the backburner?
What on EARTH makes you think that we'll be trading at $2 in a few months? If we are LUCKY, they'll be producing about 100 bopd at that point. We'll have to get very lucky indeed. Right now we are doing about 10 bopd.
Let's have a serious chat about how long it will actually take to bring this project to peak production instead of all this rhetoric.
Cheers,
Cpac.