Ann: SPP Terms and Letter to Shareholders, page-29

Thing is...
Drilling new frontier wildcat wells is risky.
High potential return if you hit, disaster if you don't.
We're pretty much at a point where the company has a chance of digging itself out of the hole that it has largely created itself.
I'm grateful for that and have Always seen Spain as a good backup if things went wrong in Uruguay.

As stated above it's up to SEI to get something happening there now.

We're not finished by a long shot.

PS; been in this game for over 40 years now and seen it all over and over again and I'll be sticking it out for the meantime.