I finally took the time to listen to the confernce call. Too many opinions being thrown around here, from they're intrepretations of what they heard on the conference call. So had to make my own interpretations first hand.
First, my interpretation of the AIM listing, or a minority interest buy into a revenue producing entity is 1 to 3 years away. So those of you thinking about dilution, (which was not the only option talked about) you won't have to worry, because first drilling will have happened before then, and you will have had your pop in stock price and be long gone.
The revenue producing assest or subsidiary will be necessary to help carry us until actual production which they stated won't occur until 2013 or 2014. How much cash will we have come 2012? Yes, we have a slow burn rate, but, when we start getting down to 20 million or less in cash, it will be nice to start having some revenue inflows.
Of course like Condor or someone else said, there will only be 10% or so of the original investors left by then.
And those of you saying that Kosmos has the Aban until whenever is insane. And I like Ledbetter's almost insistence that a ROO is forthcoming in one form or another.
Just hope all the price pops from all of our drilling next year goes into the 2's and 4's and not .98. And then we will have a whole new set of people screaming and yelling why are we dropping, I bought at 3 or 4 and here we sit at $1.50 for 3 more years, and the longs that are left will be yelling, now you have to wait for production, and why weren't you here last year or 10 years before that, when you could have bought below .50?
Nice rant, eh?
Oiljunior
