Just for a different point of view - All is not lost yet.
DC has been told pretty clearly that a funding partner is needed, SH aren’t willing to fund drilling for the 3rd time.
If we are sitting on 1billion+ barrels, then selling half the project to get to the bottom of wells 2 and/or 4 will still see us bounce back.
Seems like DC has had to roll the dice a few times in the last 18 months... this next play requires something other than luck.
If he is as good as I think he is, we’ll still emerge from this in the green.
I did participate in the last 2 CRs and have turned what was once a small profitable holding into a larger unprofitable one - but I am not selling, not because it’s not worth it, but because I don’t want to miss out on getting to the end of the drilling campaign.
There would have already been negotiations with potential partners, it would have been better for us if the CR raised enough funds to pay off our creditors, but all is not lost - yet.
PRL Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held
