You are right and the high oilprice coincided with the good news of the Exxon joint venture at the time of its 52 week high.

Since then we have had 2 favorable analyst reports, one excellent article on the wall street journal and the farm in with Petrohunter to diversify its attractiveness while awaiting for Exxon to provide us its results. There is no bad news coming other than an uneconomic scenario ! but a share price of 27cents is pretty attractive.