I like the company's business plan. The approach is novel and is working for the company. The management team appears to be sound.

Guyana is infinitely better than Venezuela, but red shift of 21st century socialism is a concern for the entire region. Some of my favourite countries to explore have shifted left. Some like Brazil are friendly to business. The worst countries are Venezuela, Bolivia and now Ecuador.

Guyana is very different than Venezuela and fortunately distrusts Chavez.

Shoreham's business model appears to have taken this risk into account. By sharring risk through strategic alliances and joint ventures Shoreham's risk exposure is quite limited.

I would like to hear from others with a good sense of the risk of working in Guyana. My own feeling is the stock remains discounted because investors are unsure about Guyana.

Shoreham remains a buy.