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hillzman

02/10/16 7:27 PM

#18927 RE: phxdishman #18925

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!