PESA presentation: A maiden contingent resource in Cuba for Melbana: the Amistad-1 success story., page-88

Or alternatively,

There is no disaster that has destroyed this drilling campaign. The share price is a result of a poor communications strategy that has a reputation for hiding bad news/delays behind silence and also long periods of said silence.

For a management team with a lot of experience running and proving up companies, this team doesn't seem well-suited to this project. It is very apparent to me that their strategy is to keep the price as low as possible for as long as possible for more free shares, prove up the resource to as big a number as possible, and then sell it off to a more competent crew. I believe this was the real reason behind decisions made around Zapato and the current lack of interest in gathering extra rigs and crews/getting pad permits. I know these operations take time, but my god they're not going about this a good way. And it shows.