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Howardhaftel

05/28/09 10:28 AM

#5114 RE: jellicorse #5113

I am not an investment advisor but I can tell you what I am doing.
I buy and hold.
Remember this is a gamble with a lot of research under its belt.
That research tells me there is hydrocarbons in the property in Tasmania.
The only way we will have value is to strike oil, but it doesn't stop there.
We don't know how much oil and/or gas is there and does it have commercial value.
I believe as management does that there are significant amounts of oil and gas there and they are going after it. The world demand is rising for such products and Australia is relying on the revenues from these finds.
So to answer your question as to what you should do. Go with your gut feeling.