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!
ATS Price at posting:
4.1¢ Sentiment: None Disclosure: Not Held
