The next catalyst for me will be the announcement of farm out of Gambia drill and to see if/how much we have to pay and how much we are able to retain. I'd go for lower share but less cost.
Reality is a cost blow like SNE first time around out could wipe us out now.
I'd prefer it if management spent as little as possible over next 18months and did nothing but meet cash calls from JV operator. Heads down, no unnecessary expenditure and wait until production. Make steady progress, announcements when time is right, sort through data analysis, work on increasing recovery rates or upgrades to reserves, do a deal for Sangomar gas, etc - low hanging fruit.
Make you wonder why management team is now so top heavy in this environment and SP 2.6c.
The next catalyst for me will be the announcement of farm out of...
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