Ann: Project Update - Forward work program , page-4

Not a good announcement in my opinion.
Pretty much everything that has been done in the last two years has gone to waste, with the exception of Jolokia 1.

We are back to drilling wells and proving sustained flow rates, which were both done with the HAB wells.
The location of the pilot plant also looks as though it will change - again much wasted time and money.
I would not be surprised if another company gets ahead of GDY in the next couple of years.

Now normally I'm very optimistic about GDY, but in my opinion this is the worst news we have heard in a long time.

I still think GDY is a long term buy - just the "term" is getting longer and longer all the time.