OMR, as per today's accounts, the company has confirmed that...

OMR, as per today's accounts, the company has confirmed that Whicher is a write off. This is reflected in the 03/04 accounts, and they have quantified the likely write off for the coming year.

I would still not touch the shares at this price. It's important to confirm that the first USA well comes in as a success, lots of downside if it doesn't.

The convertible notes AYOG are still good value.