News Focus
News Focus
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verjamb

09/18/12 12:01 PM

#12907 RE: tdbowieknife #12906

Yes, lots of positives. The problem we face is that we will not have any news for the next couple of months so the shorters have more time to bash this thing. Others will put their money to work elsewhere until we get closer to the farm-out announcement. Ray believes that they are well positioned for what comes next. I know he addressed one of the questions I submitted and am satisfied with his response and the overall call. That being said, my average price is $.80 so I'm ok to wait and accumulate on the dips. I can't speak for those who are in at a much higher price. Seems like a long ride, but worth the wait. By the end of the year, we'll know where we all stand. I encourage everyone to listen to the recorded call and provide your thoughts.
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tdbowieknife

09/18/12 1:38 PM

#12909 RE: tdbowieknife #12906

Ray also said that many more company's asked to participate besides the 8 company's that they had asked. So there is allot of interest in this concession and that would make for some competitive biding i would think. He also mentioned that from the 3-D depth stretch they mapped 4 very interesting deep water channel systems that he said was very positive. Something they only had some indication of with the 2-D.

I will hold my shares.
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sahd3g

09/18/12 2:28 PM

#12911 RE: tdbowieknife #12906

Elephant!! I like that. An elephant means $30 could look cheap some day! Let's go a huntin.