Nice to see so many longs reply that they are still holding.
We have been up and down so many times during the years. This latest hit seemed more painful than all the other's combined. Probably because most of us thought these 5 wells were more than just initial exploration wells. We did not want to listen to the company or those preaching that this is only phase one, and you had better have more patience.
I could not understand why after each completed well, the stock price was still drifting. Especially after the infamous Peter video last year when he was so damn giddy, like he was busting
at the seams, wanting, but not allowed to say the real information we are still begging for today. He was obviously reined in and smacked down by SINOPEC and/or Offor. That is why this hit was more painful than all the others combined.
For us non-oil types we came to the raging bulls and the IHUB, and the elephant (RED) boards to learn what we could. I never knew what a minefield that would be. Constantly sifting through
who to believe and who to ignore. But in the end it was quite a learning experience. I thank those who truly taught us some oil business.
A few weeks before the last shareholder meeting I knew it would be ugly. The Oil&Gas journal article that was out in March started our current descent. Those savy and smart enough to
have had access to the O&G article started locking in gains early. I think it was two or three weeks after that artilcle was out that us little peeps finally got to read it on this board. And there it was in black and white, exploration wells, gas, phase 2 starts when? WTF? We took another hit when that article actually hit the board. Funny thing is, I finally believed it and went 40% cash, and like a fool added it back in 2 days before the shareholder meeting. Hoping, but knowing we would
take another hit the day of or after the meeting. Still multiplied shares, but should have doubled them.
But I am not writing this for that reason. I consider myself a little guy. My 103,335 shares mean nothing to Sir Emeka Offor's 330,000,000 million shares. We either believe in how far he has taken us or we sell and move on. Or some of us little ankle biters really get smacked down at the shareholders meeting.
I don't know if Peter even cared or tired of the constant (Are we there yet rantings) but it sure quieted things down after the meeting.
For those of us that have been through all of this, especially to realize the importance of how quickly we were awarded the 2 100% EEZ blocks is nothing short of a miracle. Offor has greased the palms of the islanders, and I cannot wait to see who partners and how much is paid for a portion of our EEZ blocks.
And that is why I believe in holding until Offor gets his payoff. That sure as heck ain't 1 dollar.
That is why I buy 1,000 shares whenever I can. Patience will pay off.
Oiljunior/Flipinpennyman.
News 
Market Data 
Discover 
AI
