GDN 0.00% 1.7¢ golden state resources limited

Ann: Paradox Basin No 2 Update , page-28

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  1. 14,981 Posts.
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    initforthemoney
    Well said mate.

    Gas and oil prospecting is always risky, and most don't find commercial success, someone on another forum said it was a 1 in 100 chance on these wells.

    But everyone likes to abuse the company for this, and somehow this is ok.
    Maybe mgmt is a tad over zealous in their announcements at times, that is my only criticism really, but then I'm no oiller

    I took a gamble, if they find nothing I lose a bit, if they get lucky, it's the equivalent of picking 10 good stocks in a row.

    Happy with my decision and will stick it out to see how the story ends
 
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