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Re: Hawk700 post# 161503

Monday, 05/11/2009 10:30:11 PM

Monday, May 11, 2009 10:30:11 PM

Post# of 361643
I don't think the sky is falling. As you said, a newer, more modern drillship is preferable to the AA. What some people have to come to terms with is that a certain number of exploratory wells will be drilled in the JDZ initially. The success of those initial wells will determine the next steps. Some time will be needed to evaluate those next steps to determine when and where the next next series of wells will be drilled. I do not believe it will be a continuous process where many wells will be drilled in a short time frame as some here imply. That is not how oil exploration works. Look at Jubilee in Ghana as an example.

Having said that, those initial wells could be all we need to send this stock to the moon and even to induce some companies to make takeover offers. Our time will come. I'm very optimistic about this stock but not unrealistically optimistic.