Well written. That's the nature of wildcat/exploratory versus development in a proven field.
I can certainly accept that my shares might go to zero because there is no commercial oil; it is harder to accept not even drilling, particularly after all of the PRs and abortive funding efforts of the last few years.
Fact is, the zillion dollar question remains as it has been as the shares have gone from the teens (my purchase price) to .02: who is going to fund the drill turning, and at what price (percent of gross profits per Sure Agreement, JV with a gulf-based oil company, etc).
As someone said, half a loaf is better than none; but, we need some heat in the oven (dollars in the bank).
On the 6th, Mr. Haftel said they would be there 'in a week or so'; the second business week since that forecast has two days left, I hope it is accurate.
