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Re: phxdishman post# 18925

Wednesday, 02/10/2016 7:27:25 PM

Wednesday, February 10, 2016 7:27:25 PM

Post# of 21090
Agreed. Tullow and Dana have no real incentive to drill in the current environment, capex constraints, and cash-flow concerns. HDYN still has it's back against the wall and, unlike Tullow and Dana, cannot afford to lose/write off the concession. It appears the potentially much lower drilling costs are not enough to outweigh other considerations. And Dana has already taken a hit from the Sabu-1 fiasco. Big mess it is!