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Message: Reserves Assessment on the Bentley Field

I am of the same opinion, and I have been buying more as well, small chunks.

I think that the major problem here is that the BOD have been all over the place with projecting their costs.

700 million or so, which is way higher than when they were trying to fund the Phase 1B (i think), is a lot of money to raise. They had better have a plan for more than reserves based lending, because banks are tighter and even tighter in the UK these days.

The price could still be controlled because they may need to dilute the equity even further, and the sharks are smelling the blood.

We are going to have to wait, but I am confident that this will go back up to where it came from, all the way back.


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