First off, thanks for setting up this board. Looking at the list of posts, it must seem a bit lonely at times, but I for one am a regular reader and fully appreciative of the board.
I'm a big fan of DNO.OL and have weighted my portfolio accordingly. It's my belief that the company's PPS is reflecting the full risk associated with doing business in Iraq, when the reality is that northern Iraq is not Sadr City, and with its Kurdish dominance, DNO's area of exploration is not nearly as risky as Nigeria or the former USSR, (Russia included).
I applaud the decision to fund 100% of the drill work for an increased share of the profits. The short term panic caused by the horrible situation in Iraq has completely blinded the world to the immensity of the reserves in the ground.
Worst case scenario, when Bush's disasterous Iraqi policy humbles itself to the world, publically or not, the oil will flow again and soon.
