DXI Capital Corp. (DXIEF)

[SOUTHPEN]

I think drilling always involves risk and larger companies need not tell their shareholders what they're up to,incase of failure.

Shareholders from WPX as an example might wonder why a company with so many claims is going looking for new ones. Is there something wrong ? If there were a pattern of bad luck ,it doesn't bode well for them.I think large companies tell about what they must and nothing else. If the 3 wells are good ,they'll be reporting them ,if just mediocre they'll be shuffled in with another bunch improving production and if failure is evident,their shareholders would never know.

That's my thinking on it. BTW ,I don't know about the 250K or WPX ,just educated guesses. I think that deal might evolve into something a lot bigger if those 3 wells can be proven to be competitive.