It is like a slow train to no where. The management need to bite...

It is like a slow train to no where.
The management need to bite the bullet and proceed quickly with a third party to progress to next stage of the development.
They may have to accept a more realistic financial deal to get going based on current low O/G price environment and risk associated with the drilling, at the end of the day it may not make big deal of difference., who knows - could be a dry well or a massive gas discovery.
To find out we need to drill, holding back for better farm out deal is simply dumb business decision.
Its way too long in the tooth to wait any further, how young is the MD now ?