Pmys,
If you allow me to say it, the sp has engaged the reverse gear ever since that Total JV was announced.
What does that tell you ?????
The market didn't like it one bit, and regardless of what many rampers may have to say about it, the facts are in front of us that the market didn't respond as it was profusely anticipated by many.
Many, including the market, were expecting the new JV Partner coming in and giving us a heap of money in advance, but they didn't, leaving us holding out in hope. And the stalling of the Surprise results, with the vague announcement that followed, IMHO compounded to that effect even further. How many months passed doing the EPT without anything concrete coming out of it?
Why aren't we selling the oil from Surprise thus giving us that much needed cash? Now, don't say the we haven't got the production licence as yet, because we could still sell the oil under the EPT licence if we wanted to.
DYOR on that.
Sorry mate, but I have to disagree.
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