drilling, page-11

Hi Tawny, you wrote:

"It is a point easily overlooked, but GDY have never detailed the specific capabilities and design outlines of the Lightning Rig. The team are playing this out low key, seeding as little information to the market as possible."

I think this is very wise of them, precisely because it anticipates and forestalls the kind of factoring-in I've been musing about. I wasn't a shareholder at the time of the Habanero 2 problems; but I imagine this demonstrated to management the fact that the market had already assumed drilling success, and punished the stock when there were problems. I agree that the future looks very bright. The only - remote - worry for you would be if the negative market conditions prevail right up to the moment when your options need exercising, and negate any success that GDY has up to that point.