Oh! I thought they'd already chewed through more money than that. If we have enough for three more wells it's looking a little more likely we're in a salvageable situation, but I think three is probably optimistic, unless that pump impresses more than I expect it to. I sure hope you're right and will probably lose fingernails while waiting.
I definitely agree that the delay will be very much worthwhile if it means the difference between another failure and a company maker.
Two shots at working out how to drill a well in time to demonstrate we have something worth funding before asking for funds is definitely better than one. Let's hope one is all we need... unless you are dead set about the land and a third failure means you can buy a crapload at 1-2c ;) (Oh, I really hope it doesn't come to that!).
PYM Price at posting:
6.7¢ Sentiment: Hold Disclosure: Held
