Its very easy to make comments in hindsight about Sabu.

The fact is, if Ray had been very vague about drilling plans and the timeline, shareholders would be upset.

If Ray had been too conservative shareholders would still be upset.

Shareholders wanted an ambitious projection and an ambitious outcome. Ray gave us the first accompanied with explicit statements about how drilling does not always go as planned and the logistical challenges, port ect....of course certain things are easier to remember when you are long and a discovery is not made.

As someone who gets logistical drilling updates daily from majors and independents, the Sabu well is not alarming personally. Its only significant because of the size of HDY and that most SH likely only selectively considered Ray's comments.

I'm not going to go into detail about the frequency of mistrips, bop testing delays, ect....the point is none of those operators planned those events into their timelines, they adjust them real time. When schedules are extremely delayed to the point a well has to be abandoned to move to another well, their shareholders don't even hear about it. That is the luxury of having projects that consist of fields/drilling campaigns vs single well projects.

Their was no one who had experience in the region logistically or geologically to consult with. Yep, in hindsight Ray could have done a better job managing the expectations of shareholders....but maybe he was distracted by little things like quickly mobilizing a rig to keep from forfeiting the license.

If you measure it all against the industry its not a big deal. My only point.

The horse is decomposed, no point in beating any longer.

JMHO, not trying to be "arrogant" or disrespect disgruntled shareholders