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Thursday, July 20, 2017 8:42:37 AM
This is an utter waste of time unless the world's oil supply dries up.
and as supply goes down, price goes up, shale oilers drill and extract....then price goes down again. Rinse and repeat.
I'm not being doom and gloom - this is actually our reality.
Take a look at some of the other oilers in Australia - Beach, Santos....look at the number of leases they have, actual production, etc. and then look at their stock price, if you dare.
2018 will come, HENC will drill ONE well......and very likely will find that precious H2O.
I've said it many times (not that I know a darned thing), we are probably on the wrong side of the oil fairway.
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