Duelittle, I understand your frustration to some degree but what I do not understand or accept is your inconsistent/ up and down like a Yo-Yo feed back on Hemi.
One minute you are up..up....up.....Hemi such as and these very recent posts following the Hemi 10/15/08 PR; your own words:
And then the next minute you all over Hemi as the scams of all scams.
My question goes to how can you being buying shares of such a company as recent as 10/16/08 and then in turn expect a company to deliver over night when KAA on 10/15/08 gave a avery clear timetable to initiate this SEK horizontal drilling in 30-90 days from 10/15/08.
Being brave is not projecting or predicting a doom and gloom outcome, being brave IMO is standing behind the logic and business fundamentals of an investment and sticking to a strategy as long as the business plan is moving forward. Hemi has a business plan in motion, it will not happen over night; Hemi has very strong supporting business fundamentals, these fundamentals will not diminish but rather IMO will only strengthen.
Yes Duelittle, Hemi has completed one Well so far in 2008 and a VERY BIG WELL at that , Collins Hemi-1. In addition Duelittle, the 2008 drilling season is not over yet and now that Hemi has committed to a horizontal drilling process in SEK; IMO this horizontal drill has the potential to deliver far better results than the indicated vertical wells that Hemi was considering and outlined as the 2008 year started.
Just think Duelittle, if Hemi was to completed one successful horizontal drill on each oof the following sites; Collins, Reno, Tebbens and Purcell.......how many verticals wells would this equal?
Give it time said little grasshopper, 30-90 days is not long and frankly given the announcement by Hemi of this horizontal drilling commitment in SEK a bit on the aggressive side......
But Hemi has the funding for this SEK horizontal drilling project and Hemi is Debt Free; a rather enticing feature given that many O&G contractors in this area have probably had their schedule free up given the downturn and would jump at the bit and probably offering some nice pricing to work on a project that will not require Hemi to finance or extend out any terms.
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