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fingolf

06/14/16 9:05 AM

#9489 RE: Hamilcar54 #9488

need a major event to change the dynamic, otherwise, price will stay in a narrow band.

BTW, with regard to 2017, I wrote this in a post back in May after the 10K or Q was out:

<<Yes, and sadly, this tells it all (unless someone has something to the contrary):

Drilling requirements:

PEL 112: Drill one well - January 10, 2019

PEL 444: Drill one well - January 11, 2021

I'd like to qualify the above by saying: "Un-Freakin' Believeable"

Anyone who puts a positive spin on this is delusional.

GLTA>>

Gumpstein

06/14/16 11:33 AM

#9492 RE: Hamilcar54 #9488

TChauncy I submitted a post on June 1st that you may have missed? If so please read post 9474 when you get a moment as I would welcome your thoughts. Also we are sharing intel on mapping with neighbors but not drilling or partnering with them...does that mean prospects are so grim after hitting water instead of sweet crude that we can't get any movement due to Paralysis through analysis or realization that we have dry or wet (water) wells only?