Hey jak.
when I talk about the register, clearly here has been shocking too. I think we have been played with over the last 6 months and and openly sceptical of how close to management some of these sophs that have sold us down are. So, not pretty here.
on the retail side, they are where May was in Feb/march. People bought the discovery thinking All is green and when the reality that o+g is slow, expensive and complex, they slowly left in frustration.
the re-rate there is real, but the pullback will be brutal eventually cause commercialisation is many years away.
anyway, enough about ivz from me.
Ann: Appraisal Program for Block 9, Cuba, page-307
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