HUSA was DOWN 10% on Friday so your optimistic view would just put the pps back to 0.19. There is no gift until the drill start spinning in Columbia, and then probably it will spike to about $0.25-0.26 and fall right back under $0.20 if traces of oil are not found. And personally I am not sure the company can meet its hefty payroll too long.
From what I hear, and I am NOT as well documented as others, there is drilling underway by other companies in the same geographic area, and they are doing just fine in terms of production.
I can't speak for M.T., but I believe he has been prepared for a while to write his 10M shares off as a tax/business loss. He has his golden parachute granted, and a soft landing as well, I believe. John B. definitely carries no weight in HUSA's affairs at this time, as he is merely a token presence of the payroll.
I see the link with HUSA, but in a very negative light. Let's say I am no oilfield expert, but in Physics I learned about the principle of communicating vessels. Therefore, the more oil Cannecol pulls, the less is left. HUSA is light years away from even parking a rig in Serrania, let alone drilling. I have also read how HUSA never employed a 3D system to assess the reserves, etc, etc.
Jsch - I stand corrected. But I cannot hide my feelings that HUSA will likely abandon the project due to concerns discussed here, (un)safety included, terrain challenges, etc. Last but not least, cash will run out before all the optimists on this board expect. Someone quoted JT or CEO Boylan as drilling will start this year, is there any sort of company statement on that prediction? I do not think that there is, but I could be wrong/misinformed again.
Ok, I am again missing something... Isn't there a large Chinese venture operating just fine in the area, to the tune of millions of barrels, etc etc? In the same region? No problems with rebels and none with non-rebels either.