Ann: Exposure to Uruguay increased by 22.9%, page-188

All 3 options are valid how ever if you wait until they find oil then you will pay 5 times current share price to yo entertainment possibly more, this where the risk and punt factor comes in. Take the pint now and the rewards are huge, take it after discovery and results are mediocre to none as people will start taking profit and people buying will be in it for the next phase of progress to make money. The real question is are you in or out in the discovery phase.