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Re: joseytheoutlawwales post# 9540

Thursday, 09/08/2016 8:00:17 AM

Thursday, September 08, 2016 8:00:17 AM

Post# of 25836
there are a lot of people here with the opposite opinion. HENC has always dragged their feet, and from the looks of things will do so again. That's why they went into hibernation mode by delisting.

no spudding until 2019 - that, apparently, will be their motto.

personally, I'm sick of this crap. whether you drill in 6 months or wait until 2019, the bottom line is the one-single-act you are doing is DRILLING. You must drill by 2019 - WHY WAIT? Do they have a crystal ball that clears away all the uncertainty in 2019? Do they know that it will be a better climate for drilling?

Getting a jump on drilling now, I argue, can put you in a better position when supply shrinks and prices go up. If, by some chance, we drill and strike oil now, what happens? WE CREATED LEVERAGE!!! They can then put a drilling program together and move forward a heck of a lot sooner because they CREATED HENC CURRENCY.

vision and risk is needed....we lack both.