InvestorsHub Logo
Followers 20
Posts 1031
Boards Moderated 0
Alias Born 10/17/2006

Re: Chicken Fried Stock post# 5

Monday, 03/19/2007 8:02:41 PM

Monday, March 19, 2007 8:02:41 PM

Post# of 136

Sorry about a couple of inaccuracies in my initial post.

Per the der Speigel article:

http://www.spiegel.de/international/spiegel/0,1518,334165,00.html


"...searching for black gold in the rough and deep seas (up to 10,000 feet) of the South Atlantic seemed too complex and expensive, as well as being a highly speculative proposition."

10,000 ft. _is_ pretty deep. For some reason I was under the impression that it was shallower. I think that some of the claim areas might be, but apparently the propective large payzones are comparable to the GOM Jack find for depth. (Maybe slightly shallower?)...

Also, in regard to sheep and fish, it was actually sheep and squid. The depictation of a sheep on their flag struck me as a bit humorous, now second only to picturing the alternative of a stately squid on their national flag. <g> I guess the sheep has turned out to be the better choice since the squid have apparently petered out.

Thanks for the good links by the way.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.