running out of sellers, page-41

Gidday MSSW
I'll take your bait. Yes I am a fan. Was a fan of Hardman Resources too...same same but different. They didn't have minerals and onshore and all offshore. Oil was only $25bbl then too. Reclaimed Force Majeure by majors......
An oil exploration company doesn't need Revenue
All it needs is to prove reserves in the ground for the share price to appreciate. (Um Fortescue)Drilling will push the share price up for the traders, and I may take a few off the table myself.

How long did Woodside take to pay a dividend?
Oilsearch?
Hardman...never did, but went from 5c to $2.55 and they sold out at $2.05.
Drill bit in the ground and a gusher will prove the RRS share price up.
Geopolitical risk is scare mongering. Did you know that the earths orbit is actually getting closer to the sun, due to it's elliptical orbit, hence the warming effect. Happens every 400 years. Check the history books. 1200 - 1600s were great years for agriculture in Europe. CO2 my rrs. Oilsands oil in Canada bigger than Middle East. Shale oil in Australia as big. Alaska who knows, coal whoa nellie. Peak Oil. Yep same story as 1974. Did you buy the WMD story too....
I'm all for sustainable living don't get me wrong. I am looking at starting my own biodiesel plant, but the media is, Extremely Wealthy Wealthy peoples advertising. Paid for by punters advertising...totally stitched up aren't we. And when there is a recession in all their non core assets then they simply put up the price of their core asset....OIL....(The Wealthy peoples tax on the poor)Standard Oil of America was essentially Mobil, Exxon, BP, Texaco, Socal, 76 and more combined!! Read Rockafellers Biography. He was a billionaire in the early 1900's from kerosene. Petroleum was a by product dumped in the rivers. Then came the automobile........Bill Gates, Warren Buffet would be paupers in comparison.

Did you check my link to Yemen?The Analogus geology. Not a believer? Algae was deposited in their half, but not in the puntland half? The coal in Newcastle is the same seam of coal in Woolongong is it not......
What fears do have re RRS? The reasons you bought in are still there, and have improved, haven't they. The general MARKET in our markets, are crapola for speculating money.... eg hedge funds so speccie pennies aren't gonna see a lot of that are they. Alot of Blue chips have been nailed too.....
As posted in my reply to Brabus...its RRS timelines that are outand have detracted long term holders. Considering the environment they are doing business in, I think they have done exceptionally well. How would you have gone about it? What sort of money would you have spent? These are hopefully retorical questions. Ever built a house or block of units in Australia? Every d wad has his hand out....Africa,common!add 10%. And we are talkin Oil here.....so add another 5% (TIC)
I love Garowe Online too... for real, they are just spreading the news... Free press, is press, and it puts RRS on everybody's radar....When the smoke clears.....
Well Well Well.
Oh, and what's with Saudi's interest re reconciliation etc?