coldhelium: None taken. I too was awash with good feelings about...

coldhelium: None taken.

I too was awash with good feelings about this well (and the lease), but damn... 65% down for TRP seems a huge loss. Surely GBP won't go that far below cash backing. Initially it might which should give a good buying opportunity. But they weren't really priced at much more than book value to begin with. The market doesn't really trust GBP that much at the moment and this 2nd duster - are the stats really 26/28 in this area?!? Geezus you could just about send me in with a plastic spade and bucket and I could dig up oil by the sounds of it. Apparently minor oil shows at ground level in the area and these guys can't drill a target with some?

Maybe they need to stump up and be their own operator for the next well...

Seems to speak volumes with the directors selling out at 22c the other week. They obviously didn't have a whole lot of confidence in the project and now neither will the rest of the market.