I think the transformational deal was far more dependent on share price than the cash balance.  The cash balance we have now is about what it would have been if we had drilled both wells so I don't see how the cash was being relied upon to do this deal.  

 

You are right.  I do not think the cost overruns or the amount of dilution incurred have a significant long-term effect on the company or the share price.  Nor do I think the $12.5 million will have a long-term effect.  In this industry developing a single field runs into the billions of dollars.  A single 3D seismic shoot is 25 million and up.  Deepwater wells are 100 million and up.  Transformational deals cost $200 million or more.  The way I see it we just have a little less in the bank to pay overhead because that is all that money was ever going to used for.  It wasn't enough to do much of anything else.  Not good but not a disaster either.  

 

Having said that, would I have preferred the well was drilled on time and on budget?  Of course.