BD
take a close look at what is being said. Mandurah is giving us facts. Don't criticise the facts, they are given to help investors make informed decisions. It's not just emotion, and the market is spooked by what RM did on 76.
we have a right to be concerned. My sole purpose is to make risk awareness more in the mind. Make your profits, sell timely and live to tell the tale.
if you think this stock will hit the sky, move into the oppies, but take profits along the way.
watch Magna, they will move and probably steal value, manipulate the sp, do what they can to make money.
watch the plug situation. They have to be milled out. Remember 76? They stuffed up the milling and destroyed the well. There is no one new in OEX management who knows what to so. Schlumberger personnel hold the key.
the tree, this is the valve system that prevents the gas escaping into the atmosphere, must work. If it fails and the gas escapes, we lose the well. Never mind the environmental issues. Or the Regulator stepping in.
remember that gas has no value until sold. It's been 18 months waiting on gas sales contract for gas that is already there in a previous well.
this well is a simple plug n perf. Key word is simple.
but it has taken 4 times slower than the norm. This is not a good sign of business acumen. It does not lower risk.
and we have 3 months of testing ahead of us, hopefully not 12! Then we have to sell it. Until then, there is no money coming in. No more money means no more drilling. Do you see why Magna is interested? They have the brains to see value, they have the acumen to raise funds. Let's avoid further valueless dilution by RM and his merry men.
so many uncertainties. Hopefully these facts help us manage our own risk tolerances.
GLTAH.
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