The management have had what they wanted (a strong oil price) for a long time now and a forward looking positive outlook for oil demand and price. It seems they still can't find a partner who shares their view that this resource is worthy of a significant capital commitment.
These guru's haven't exactly set the world on fire. Only announcements that ever come out of the company are a quarterly cut and paste and announcements of more bonus/incentive share allocations for them.
History: Portugal flop
. 6 Well drill campaign (modest performance at best)
The glow of their past performance with Aurora has long faded. I get the feeling that to have an outsider on the board would not be such a bad thing. It may shake up the boys club a bit!
Good luck!
$100 Oil by year end?, page-469
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