Us old timers realize this is a piece of cake compared to the problems we faced BEFORE RL came. We have over 45 million in the bank. We drilled a well and secured the concession for another 4 years. We proved a working oil system. We proved that you can drill a well there and know all the kinks we will face next time. One JV partner. Try looking at how it WAS.
No money in the bank. No JV partners. No 3D and not much 2D. No credibility. No wells drilled. Insecure concession. No institutional ownership. No managment experience in oil and gas. Compared to the way it was, everthing is rosy. Now the ONLY thing we have to worry about is getting a JV partner. We caught two additional JV partners already but decided to release those. They didn't smell right. However there are other fishes in the sea and they are swimming around the boat as we speak. The chum we threw out seems to be working. Don't let the tutes steal your shares. They are desperately trying.
