Same as before, I'd be willing to bet. Efforts to fix the well have presumably been unsuccessful or they'd have told us (though they really should have told us by now one way or the other).
There doesn't seem any point in delaying the bad news. Better we know it and accept it now than many sitting around stewing over it for a long period of time, building up negative sentiment, then having all that negativity confirmed. Alternatively, if it's good news, no point delaying, but of course, it's difficult to imagine them delaying good news in this situation.
The market has priced in another complete failure, which isn't surprising. Is the well clogged up? Does it just not have enough pressure to flow? Have they given up? Are they going to keep trying? We really should be given an update, and it's disappointing that we haven't, but other than reflecting badly on management it isn't materially relevant.
PYM Price at posting:
3.5¢ Sentiment: Hold Disclosure: Held
