ETR 0.00% 0.7¢ entyr limited

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  1. 15,392 Posts.
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    From previous drills and information now gathered by LAR and CTR I see this drill as a lower risk drill in regards to it being a duster. It is always easier to lean towards the side of caution and be the first to say I told you so etc. But I find people like that never get anywhere in life.

    There is good reason to beleive we may strike oil given our closeness to Aztam 5 and it's production to date and the current understanding of the area. There is never a certain bet in the oil game but I feel more confident with this one then others I have held.

    There is crap going on behind the scenes and I find it very hard to trust many groups operating out of Perth. I raised this issue way back when Patersons Perth brought the company to this mob to manage. It was all down hill from there despite the previous managements failings. You can't fight it and I have given up. So imo trade the trade. If we find some more oil make your money on the pump. We are slightly de-risked with 4 so fundamentally it is not all that bad but if you think its going to be a good long term investement with this crew managing it you have the wrong stock for now imo. dyor.
 
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