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midtieroil

12/17/14 12:54 PM

#294770 RE: jsc52033 #294769

Like it or not all of these small exploration companies are longshots whether they are in Kenya or anywhere else. Some do not want to accept the fact that the odds on any exploratory well, especially in a virgin basin, is only about 25%. The goal is to raise enough cash and drill enough wells that one of them hits. It's a numbers game. Drill enough and maybe you get a discovery. That is why I buy of few of these companies and hope one or two hit. Some like putting all their eggs in one basket. That is too risky for me. ERHC, Taipan, Tower, Camac, Swala, HDY and Simba are the ones I am currently looking at. I own 4 of the 6. All of them are sucking wind right now do primarily to lower oil prices and the dearth of investment that those lower oil prices cause. You would think everyone would understand that. It's been that way forever.