Solo have already spent more " on the asset" than they are likely to ever get back when the asset is sold/
You say this as if it's fact but in reality you don't have a clue, they have said that only realistic offers will be excepted or they will take it to fruition, obviously funding is a issue for most small companies including ENQ that you are now the top cheerleader.
The North Sea was once the most expensive place to drill for oil due to the vast expense of getting it onshore but I think that has improved over more recent years, a new deal is definitely what we need but it has be a good deal, yes Gneiss where instrumental in the Rre deal and that multibagged at on point we certainly need something to give.
You can't have 300% drop the max is 100% and that would put our mkt cap at 0%, I think we are more like 55% down since this bod took over ( still pretty abysmal I must admit.