What is 88's Future, page-20

Loving this forum.

People hanging onto an exploration well pretending to understand the risks when its going up, then spitting it when it doesn't hit. Who actually thinks oil is easy to find? How many major discoveries are there nowadays?
Blaming the guy that runs the company for not finding oil. Isn't the job to run the company, and hasn't he nailed that? How much money has he raised to give everyone the chance to ride the rollercoaster multiple times? Didn't you all have the chance to buy it at the right time and sell it at the right time, yet you decided to be scared to buy it after a duster, then greedy and hung onto the stock after it went screaming north?
Complaining that they announced they found condensate, when they did in fact find condensate. How is that misleading? If they'd found Atlantis they'd have to announce they found Atlantis, even though they weren't really looking for Atlantis.
Thinking that there are guarantees of finding oil from a lunch of squiggly lines on a page, because they look like the squiggly lines from a similar drill result miles away, kilometres under the ground? Do you know how many babies are mis-diagnosed with similar technology through a few layers of skin? Its not Superman using his xray vision, its banging the earth and reading rock formations formed trillions of years ago, miles underground by the way they vibrate in response!
Wanting to roll the Board, but wanting strong leadership. What, you think new people will be cheaper and more likely to find oil? You think someone else has the capacity to raise the millions of dollars needed? Anyone else you know understand all the global oil investors, the north slope or raising bulk cash, that's just sitting around willing to do the job for peanuts?
Being angry that they are optimists? Would you prefer they say negative things, never raise money, the share price goes down further because they come out and say "Yeah, there's more chance of finding aliens than oil in 2020, you're all going to lose money on this one, lets just wind it up."
Now complaining that DW didn't answer the technical questions in the AGM, when he doesn't even have the answers yet?!?! This ones a beauty...actually, my favourite is the whinging that the IT response to having to do an AGM online wasn't up to peoples high expectations.
And people assuming there's some correlation between salary and the likelihood of finding oil. Have any of you been to the North Slope? The thought of flying to Alaska and going to the north slope makes me think they're not being paid enough - let alone dealing with the abuse from people who should have known better than hold if they couldn't hack the loss.

Get out of oil explorers altogether or learn how to trade them properly, don't blame someone else for your terrible decisions. Buy early, sell before spud. Or hang on for the result in any oil explorer and lose money 99 times out of 100. They've still got assets, they've still got cash. DW will raise more money, drill again - and I'll bet most of you will hold through the result once again and complain even more then...I saw some of the peeps on here were in since Tangiers and yet there have been at least 4 if not 6 very tradeable, very lucrative opportunities for profits along the way, and after all those opportunities you're only back to where it was when DW took over! Most of you should be holding the equivalent risk of a term deposit at best.

Follow the Bearded Jesus, he will save you - just not from yourself.