so why isnt the CEO putting his hands up for more shares, page-8

I'm sure that's the whole reason behind the Jaya deal. I would find it hard to see oil prices remain this low for sustained periods and for the whole of exploration and development of oil and gas to be non existent. I think this company reads the play very well and they find themselves in the perfect storm at the moment. Just needs time for this to play out. Unfortunately I jumped in a little to early. May buy a few more but I'm in at $1.30s. Good luck to all and the mermaid team in general as I think they are very good at what they do