InvestorsHub Logo
icon url

oil-cowboy

03/22/09 11:35 AM

#155845 RE: tryoty #155843

Wholeheartedly agree. Even Addax stated that there are "multiple" 500mbl prospects in our blocks. Hell, even one of those give us the 136mbl number..lol.

To base the investment potential on those numbers is like buying and selling on Oily's advise.

icon url

midtieroil

03/22/09 12:45 PM

#155848 RE: tryoty #155843

Spp also does not appear to understand that RESOURCE ESTIMATES coming from any source aren't the gospel for acutal reserves which will be discovered. They are a guess which seldom come close to reality in the real world. I've said it before and I'll say it again. People who use those estimates in making their investing decisions will never make any money investing in oil and gas stocks. ALL MAJOR DISCOVERIES WILL ALWAYS BE UNDERESTIMATED IN THESE REPORTS. That's all anyone really needs to know about these reports. Of course some will try to spin it differently if it fits their personal agenda.
icon url

MichiganNative

03/22/09 1:52 PM

#155857 RE: tryoty #155843

spp119 expresses his thoughts clearly with proper grammar. I hardly call that an 'ego trip'. We should be able to read varying thoughts and opinions on the company without all the insinuations.