Another JV partner walking out the door is about as good news as...

Another JV partner walking out the door is about as good news as drinking bleach is a good idea. Seriously, it's not like this company is in the position to be picky about JV partners. Being investors, anyone that is willing to come to the party should be welcomed. Instead, you guys are expecting Shell or BP to walk in the door and slap their black amex on the table and start writing cheques to everyone.
If one of these companies liked what they saw then they would be hitting up an investment bank to raise some capital. The cold reality really says otherwise.. the picture I see being painted is a very unconvincing story.