IMO, S2R, the long-awaited "pop" may very well coincide with announced mid-2008 drilling. But equally, it could spurt - or be quashed? - at any moment between NOW and THEN for a variety of reasons.
Can't help but find it curious how some who helped generate the "last-chance-under-$one" atmosphere ahead of JDZ awards (2005) and PSCs (2006) now stolidly preach long-term vision, patience - a retirement investment.
This not a reference to your good person.
Hopefully and poppingly yrs,
HP