did nelson sell out too cheaply??, page-13

Buddy

I assume you are referring to me in awaiting for a response.

I accept that drilling dusters in Oz is cheaper than drilling them overseas, but as yet, BPT management do not have a track record for drilling dusters (whether they be in the Cooper, OZ offshore or more exotic locations), therefore I am prepared to go with their judgement until proven otherwise. One dry OS well does not earn you a bad management label in my books.
I will become concerned only if they show themselves to be recidivists.

As for the price of oil, perhaps Buddy could offer his services as POO consultant when BPT next time make a decision regarding their hedging! No malice intended in that comment Buddy. Seriously, how many of us are expecting the long term price of oil to remain below the current $50? And if you are buying into the prolonged depression forecasters view of the world, go take a long walk out in the sun, repeat daily, and soon you will be feeling much better. It will not happen.

As for the point of my original post, the successful sale of TW............