We would all like good news sooner than later, but it will not have a huge short term impact on selling price. We will need to wait out the current deleveraging and reflation to see financial flows into the whole sector. majors down to Juniors. Today the only big new $ in the sector is whats being generated by the majors, and we do not want to be dealing with them at these prices. Besides they got lots of existing capex opportunities. For the same reason,( not wanting to pay replacement cost for resources), neither US or Europe are agreed on how to reflate. The procrastination riddle "how to save the USD without inflation or weakening the Euro " currently has no agreed solution.This impacts NOT and its broader "value maximisation" strategies DIRECTLY since NOT gets more and more attractive to (fewer) suitors when there is not enough $ in the M&A game. For NOT longs, we need to wait it out or be relegated to history as "gave it away". I'll be happy if we are still drilling 2-3 years from now with a steady sp growth. I say 3 because the financial /politcal gridlock may well take that long to unwind in the US alone. What some call a bear market is a short term symptom of a bigger problem that takes time to evolve. Steady at the helm Richard.