Ann: Credit Facility Amendment, page-21

Hi Jopha,

OEL management are obligated to manage the company for the long term benefit of (long suffering) shareholders.
They should not consider trading opportunities for traders.

Given the dynamics of the Talitha drill (IMO there is oil there, but probably can't extract it), I was considering a short-term OEL trade.
However the the recent "we are funded to participate" announcement just didn't feel right to me.
This combined with posts on the thread regarding possible Alaska assets sales, made me think that OEL may not participate.

I think that MU has cobbled together very good deals given OEL's current predicament.
At least you have competent management now,

A wise man once told me that.....
it is better to have excellent management and average assets
than to have excellent assets and average management, and even worse mediocre management).