as an ex holder I got out specifically because of the fact they have spent all their coin (and others money too). There is no more money in the bank - and after 3 dusters in a row who is going to realistically prop up another 30+ mill to drill again. You've got ENI now stepping back after pumping how many mill into dead holes, Petro walked away and who else realistically is left to get involved.
Facts are facts - no money in the bank = no drilling.
If you think debt or equit loans - then what insto is going to loan them 50+ mill (and the rest) to drill a hole ? If they come up with noting then how will they pay back the debt.
Like I said - I've lost a bit but I personally can't see a future here within the next 12months if at all.
GL if you continue to hold.
as an ex holder I got out specifically because of the fact they...
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