AI
| Followers | 11 |
| Posts | 578 |
| Boards Moderated | 0 |
| Alias Born | 05/12/2006 |
Saturday, November 03, 2007 10:54:13 PM
Moneymogul - this is the 'key issue' I am having with Hemi at the moment ...
... and that is, I understand the subsurface and I know what information it takes to know/show:
a) what reserves are most probable in the ground (I know there is always some uncertainty)
b) what type of reserves these are and what they are worth (for example, heavy oil is hard to make money at if you are a small company, as is shale gas, as are wells with 95% water cut, as are well with high overpressure and bigger drilling costs, etc)
c) how tricky (or not) it is to get the hydrocarbons to surface and market (and thus make a profit).
So I need to see some data, some maps, some cross-sections, some details about the reservoirs and pay zones, and I need to see/hear Keith's business plan.
This is all very simple - if Hemi doesn't provide some of this key info publicly, then as a new investor, I can't invest.
So I'm still looking. I'm not saying he (and Hemi) doesn't have any of these things - I just need to find them and evaluate them.
That's it in a nutshell ... I'm not "complaining" - honestly
GLTY
Opp
... and that is, I understand the subsurface and I know what information it takes to know/show:
a) what reserves are most probable in the ground (I know there is always some uncertainty)
b) what type of reserves these are and what they are worth (for example, heavy oil is hard to make money at if you are a small company, as is shale gas, as are wells with 95% water cut, as are well with high overpressure and bigger drilling costs, etc)
c) how tricky (or not) it is to get the hydrocarbons to surface and market (and thus make a profit).
So I need to see some data, some maps, some cross-sections, some details about the reservoirs and pay zones, and I need to see/hear Keith's business plan.
This is all very simple - if Hemi doesn't provide some of this key info publicly, then as a new investor, I can't invest.
So I'm still looking. I'm not saying he (and Hemi) doesn't have any of these things - I just need to find them and evaluate them.
That's it in a nutshell ... I'm not "complaining" - honestly
GLTY
Opp
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