Hi Sotirib, Nothing has really changed since my April 2nd post.
Current activity is for the ICN/Stanwell joint venture and the first well Lydia, should produce nicely, thereby giving the shares a boost.Contrary to the Baldwin camp ,this is not a bad deal and will be the quickest way to create value.
I also mentioned that they will need to prove up the area outside the 4 Stanwell blocks and this will take time and money.In some ways it will be a real test of the new sharing and caring ICN, but I stress again that they will need lots of money.
SP is down today and turnover is up. Too early for well testing results so something else might be happening.ICN always did leak.I was going to get back in but will hold off for a few days now and find out whats happening.
Occam
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