Calling it a blunder makes it sound as if it could be a mistake easily avoided. I didn't lose any money over it ( long time holder) and with the knowledge we all had at the time I doubt anyone would have made a different decision. It was one of those things that only the drill bit reveals. Those people in Advance put their money in the ring and spun the wheel and those that bought in CVN at the last second made exactly the same decision. This is a high risk business, but so are the rewards when a plan comes together.
Ann: Drilling Rig at Pavo-1 Well Site, page-38
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Mkt cap ! $353.2M | |||
| Open | High | Low | Value | Volume |
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