Ann: Turner Bayou Operations Update , page-4

It's true that the price probably won't rise until there is a clear plan for the next well, but they'll get it to happen one way or another. I doubt the price will rise as much this time as it did in anticipation of previous attempts though. We'll only see prices above 10c if oil actually flows. It's a great shame, if they knew how to drill we'd probably have seen a price of over $1 a couple of years ago, but gaining funding now won't be at all easy.

It might be best if PYM could strike up a deal involving an experienced driller doing the work in exchange for a percentage of the resource. We'd lose a lot of our assets and would have to accept defeat in our drill method progress so far (if you can call it progress anyway), but I don't like the prospect of massive dilution in exchange for another failed well. Of course, a deal like that would no go heavily in our favour because we're not exactly sitting in powerful bargaining position, but we don't seem to have a lot of options. Of course, I'm happy for management to come up with a brilliant idea and prove me wrong.

It's not really a pretty situation. Back to the bottom drawer unfortunately. In retrospect it was stupid of me not to sell out immediately after the most recent well results.