I have been tempted to do the same, I pulled my "stink" bid at 3.00 before it got to that.

Its sad to say that the market looks like it will not repect anything that happens until first oil.

The big thing is how are they going to finance? IAE did this too, the SP crashed, the have the funds to pay, but with the Jacky field on hold until they do a workover on J01, they are going nowhere.

North Sea oil just keeps getting hammered. Makes one very wary of playing in that market right now.

I am going to hold, I am still in the black by a fair margin, and this will turn around eventualy.

Andy