You guys cannot be that naive can you? They follow a script. Bet a hundred bucks that IR "pre-warned" the remaining analysts on the call that GC-21 was a sensitive subject not to questioned.
That was supposed to be a Q4 review. Bulleit was a Q4 operation. Bulleit is an expensive hole in the ground as judged by the impairment value (so far) taken by OEL for its share. Talos is burying this problem for the time being.
Also may I point out that OEL may have a significantly size problem to deal with if it considered the sale of either SM-71 or Lightning. I wont criticize them for it because you have to protect the cash flow FOR CONTINUING OPERATIONS of the business on the downside. But that also means you're in a pickle if you wanted to dispose of asset in the short term.
May seriously have to consider an exit with a larger loss than I was resigned too.
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