Here's a fact for you Oilman...
The JDA/JMC are on their own time and always late... wait, that was your point.
Then you tried to get people to connect the JDA/JMC being late with drilling schedules being late. You're a con-artist.
Sinopec is on Chinese time and will drill when they get a rig slot. They will tell the JDA they plan to drill and the JDA will say "go, we need the money".
Addax is on Canadian time and will drill when they get a rig slot. They will tell the JDA they plan to drill and the JDA will say "go, we need the money".
You trying to connect the JDA's past performance with commercial companies future performance shows you lack morals and are here to deceive. If you truely believe drilling will not commence for 16 months prove it and come back then.
You won't because you can't scare people out of shares if you don't post and that's how you make your money, you con people out of it.