1)Dundee has not exited their position. They own greater then 10 percent and I think they would take the loss if they knew things were not going to transpire.
2)I am grasping at straws for other reasons but hope to hear something soon. I have seen recent Bakken metrics at 135,000 per boe. Let us hope that keyhoe is not a duesch bag.
3)the credits that are expended on exploration are transferable to future production. This also plays into bid prices.
do your own due dilegence