jugs, thanks for lesson one. I am a little versed in the 3 P's from having invested in Falcon Oil and Gas past 6-8 years. Marc Bruner of Ultra Petroleum fame started FOLGF and has subsequently retired. But when I first got involved they were talking about the huge reserves at the Mako Trough in Hungary. They have yet to bring anything out of the ground, but have a JV in place which looks promising. They also have millions of acres in the Beetaloo in Australia where they just signed(should be finalized any day now)a JV with two large companies. And, they have a very nicely located spread in South Africa, next to Chevron, I believe. So the potential is there, but it is a matter of getting it out of the ground. My mistake was getting involved before any actual production. It popped just after I bought in because of a JV with Exxon in Hungary but went way down after they failed to get any worthwhile results and pulled out. If you have the time, take a look and see what you think. It may be at a point where investing now would make sense. Thanks for taking time to educate us on energy investing. Have a good weekend all.
T
