told you to get out boys., page-3

The deep wells in Texas strategy burnt me.

They should have taken the proceeds from Turkey and bought some producing assets or left it on deposit at the bank.

Too many crap results since Turkey I'm afraid.

They went for the big mother load in JF-1 and got stung. It may suck even more money if they decide to do a workover.

Now they will have to use that euity facility at basement prices unless they can use their last $9M to conjur up a success somewhere.

You have to pinch yourself to think of another producer that has blown itself to pieces so quickly over such a short time frame.

At least James has allot on the line. He is clearly taken a beating on his shareholding.

In my mind, they have to rebuild themselves by focusing on Outlar 2, 3, 4 & 5 but they don't appear to be in any hurry or maybe the JV partners aren't.

God what can you say.......Woof Woof?