it does mean a lot when it is one of their only 3 operated permits and one in which they were talking up last year saying there is 200 million barrels of oil in. If they can't manage to farm out of portion of this permit to another company then it says a lot about the competence and ability of nzog as well as how they are seen by other E&P companies.
nzog is not in control of their own destiny as most of their permits are non-operated and run by other companies. as we have seen in the case of pike that isn't a great thing as they are reliant on other companies making the right decisions.
nzog will continue to flounder around in 2011 and share price is below the 1980's listing price. wow