Given the share price performance since Dr. Jungels joined, I'll reserve judgement on that. OHM management pay themselves well for the size of the company they run but have so far failed to deliver in my view. I have held shares before and would have bought in on the back of a significant discovery by the Faucon well. According to the company website their technique delineates hydrocarbon reservoirs in three dimensions. Goodness knows what OHM said there was in the 700 additional metres Dana drilled last week through their main target area but they found zip. Whilst they made what looks like an uncommercial find above the main target area this result isn't the springboard to growth I thought it would be and I don't think it's a coincidence that today's announcement is released immediately after news that Faucon has been plugged and abandoned. A good result there would have given me the belief that OHM could take the May 2006 patent hearing outcome in it's stride and I would have bet on their long term future. Now I'm not sure and having been disappointed by this company numerous times in the past I'm not prepared to take that gamble. To those who are I sincerely wish you luck. Fortune favours the brave.
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