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YankeMike

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YankeMike

Re: bayfisherii post# 10369

Monday, 03/22/2010 9:58:06 AM

Monday, March 22, 2010 9:58:06 AM

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bayfisherii,
You have every right to state your opinion, and you gave the reasons why you feel that way.
I do agree about proven deepwater oil reserves being worth more than $8 per barrel.
It's all going to depend on drilling results and the price of oil in 5 to 10 years, but it's definitely within the realm of possibility to have a share price of more than $15 in 10 years IMO.
For now though, one step at a time, and let's see what drilling results are for the first 5 wells and have a Phase 2 commitment and get the share price above $1.

Mike
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