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Saturday, January 09, 2010 1:44:53 PM
I suspect you are correct about Peter N having been told to tone it down and making it look like an about face.
<<we are hopeful that we will be involved in more drilling in these Blocks in the coming years.">> could mean a number of things:
1 - buyout is always a possibility
2 - sending a message to the current partner(s) that they are not the only potential partners / buyout customers
3 - hint of some kind of deal done or in the works
4 - veiled threat of 'don't muck with me or I will make your life difficult for any other kind of deal in the Nigeria / Sao Tome neighborhood.
On the other hand it may just have been a slap across the face from SEO to be more obtuse in public statements. Now why would that be the case? We can all speculate and create yet another panic reaction on this board.
In reality we can do very little. I agree with some of the posters here that the price is being 'managed' for whatever reason. Who manages it - anyone's guess, but SEO and his close friends come to mind. Could even be the MM's, but I doubt that.
So on we go, waiting, throwing 'poster-tantrums', panicking about the time frames (fortnight's). It is always interesting reading, sometimes frustrating, but never dull.
This should be an 'investment' using mad-money. Money one has to be prepared to lose. It is still highly speculative, the timing for any deal is undeterminable and may yet be more years (I hope I am wrong).
In the meantime too many people here treat this as a real working company with quarterly results and pronouncements. It is an asset play and nothing more. With luck it will pay off handsomely.
IMO, GLTA
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