I don't think that there is anything to worry about.
With the last news release, we can see that they have an LOI on a rig for the early production system. The cancel clause has them paying 2.5 million if they do not go ahead. I don't think they would even sign such an agreement unless they were pretty confident that they have the flows they want.
That was a pretty clear signal to the market that this is for real. I took profit at 4.55, if this goes down again tomorrow, i will consider buying again as this is too sweet not to take an easy 1.00 per share profit.
The company has until Dec 15 to make the decision on go-no-go.
We will not be disappointed.
Andy