dj1s day in the sun, page-7

Chook,

for a different consideration, just pretend that the gas price was at $14 like a year ago. (amazing i know).

This announcemtn would have been vastly different, we would have definitely doubled our reserves due to economics and economical recoverability. Our shareprice would have skyrocketted as we would have had several new hundred billion cubic feet of gas be promoted fom 2P to 1P and from 3P to 2P and from present to 3P/

Then the Directors would have been competant then based on your formulae. How does that work?

This, whats happened today, is about the gas price.
Thats it, not the company. No bones about it, oh and some confusion over gas grades has also contributed.

Anyway, in todsys example it happens that our figures were demoted and not promoted. So down for now. Soon...?
Do you think the gas price will ever be this low again? I say not for another 10 yrs and so if you get into Gas now you are buying into a future price of up to $14 (historically) for only $3, and in the future when that price is reached it would then be a smart time to sell at say $10.


Food for thought.

Lautrec.