yes,,,,,,sorry about all of that....i also want it to stop. I'm not the agressor but i gave into it and i apologize.
for the record............. even if they go ahead and honor that 80 mil commitment, i'd like to know how its structured,,,,any dilution of the stock and what not.....I havent seen any details. Has anyone else?
if we get the 80 mil, and i actually do hope we get it under the right conditions/stipulations, it will be a do or die scenario........'all in" as they say in poker.
if we dont get to the gas deposits for whatever reasons,,,maybe those similar to Nidof, then this debt......even one that only comes with interest, can eventually bankrupt this company.....best example is american airlines filing today....their debt was more than their cash.....screwing shareholders.
if we reach the gas successfully it will give fecof/fep more control and a bigger piece of the pie of its ownership going forward as its ownership will surely be diluted again and again as partners come in.
its a true lottery ticket......a scratch off.......some scratchoffs are 1 dollar and some are 20 dollars.....whats important are the odds.......To act as if there is no risk here is to be in Denial.
my guestimates are if we got chinas blessings and accordance that sc72 is fully philipinos territory....then we will jump to 7 cents........ 3d results confirming the 4 tcf.....maybe 10 cents..........sucessful drilling......30 cents with high volatility........successful pumpimg and drilling 2 to 3 years and profits while paying down debt...........50 cents,,to 80 cents.....
a screw up like nidof and its bankrupt under its debt....1 to 1 1/2 years.....unless fep hits paydirt on another field as well which will be doubtful if burried in debt from their main focus on sc72........PXP seems more diversified to take a hit than fep and fecof.....and philex will keep rolling just fine if fep is a bust
a half billion market cap ??possible........maybe even a bil 3 years from now if all the stars are aligned perfectly.........and a risk all the way to zero if its no malampaya clone.............
I would not have invested 25 grand if there was no malampaya as precedent...<also malampaya was a 3 bil investment and this one is 5> thats a big jump in inflation costs...
if you can show that theres a good chance to recover 50 bil from a 5 bil investment in 8 years then it will get done...
5 bil... thats a helluva lot to roll on a crapshoot.....i could of had it my 25 g on netflix or apple 3 to 4 years ago...but the gambler in me strays away from the peter lynch approach, hopefully it doesnt smash into my face again this time. one payoff is all i need.
good luck to all.
