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Re: mejerrylee post# 7

Tuesday, 09/11/2012 1:05:12 AM

Tuesday, September 11, 2012 1:05:12 AM

Post# of 129
I need to review the information again, but IIRC, if the experimental process of getting the oil out of shale works in Colorado (a joint effort that a Genie subsidiary has with French oil supermajor Total SA), then they can replicate that process in Israel. I believe the timeline of development for this whole process will be at least 5-7 more years from now. This will make a great long term hold, but I'm not sure there is any reason to get in JUST yet. Maybe a small position to start accumulating.
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