Regarding my exit strategy. My exit strategy is to hold until proven and see where we are. Let's say we get some really nice proven and the stock gets way over bought and shoots up like crazy. I will sell about 75%. Time may be of the essence in this situation and I will be selling to the big money, hopefully. I have done a lot of trading and think I will have the mental strength and preparedness to sell in this situation. On the other hand, if drilling goes poorly in the beginning, I will sell at least 50% even if I have to take a great loss because I will no longer be a 100% believer and therefore don't want to hang around 'till the bitter end having done that before. Here, I will be selling to my fellow small investors who are "doubling down" as the price drops. It will be ugly. Just trying to verbalize my strategy here to help me prepare for either eventuality.
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