Do you really think the dividend is sacred to management or was it only sacred as long as Petrobank was collecting their dividend to fund their THAI program?  I wouldn't be surprised if they cut the dividend to $0.05, which is a 7.5% yield at $8.  This would get their POR to under 100% (I believe) and would at least remove that overhang from the stock.  I think it will see $7 soon given the trajectory of the stock but that is just my opinion.  I'm down 30% at this level but will add to the position if we can see some positives out of the company.