more hooks than fish, page-17

I'm not sure what their cash position is now? I understood drilling would take much of it. May have saved a bit as testing only on one formation.

The lack of availability of offshore rigs is a major problem in terms of more near-term interest.

I'm now holding this longer term to try for break-even or better. If there is good news from seismics it could prompt some recovery, particularly is a JV interest is in the pipeline to test any big potential find, though we may need to wait until production is underway to get any real improvement in the SP.

This just seems too cheap at this price but I am exposed enough at the moment.