ambiguity plus

Ref p10 of announcement 12/06/12

"In discussions with other oil and industry related companies interested in partnering in development of our 8806 Acreage Position in the Permian Basin"

"...A partner would provide the added capital to take advantage of...in addition to accelerating the development program to the Company's financial benefit"

"Continuation of the drilling program will occur once a new partner joins the project or a determination is made to move forward given the interest levels. Expect a new partner to join the project."

For quite some time now, announcements have been mentioning JV talks. What do they mean "given the interest levels"? High levels of interest or low levels of interest? If GGP's prospects in the PB are so good why hasn't the company been able to come up with a great deal, thereby looking after the interests of its shareholders, before now?

Does "Expect a new partner to join the project" mean it could be the party which has mounted the legal challenge coming to some compromise? There is no indication of when to expect a new partner to join the project.

Do shareholders have a right to be very very angry with the mob running GGP given GGP only just recently had a diluting CR and shareholders were led to believe, were they not, that the additional capital needed for its operations in the PB would come from entering into a JV?