mgc,
Indeed, and while you are ramping, you should ramp on the GOM, as with so much US coast out of bounds in future as a result, the more drilling accessible regions should benefit in terms of oil price and competition for rigs. The Swan tax might also bring some benefit wrt NZ drilling as the Aus soveriegn risk is now higher.
Looking for my last couple of percent below 25,ut am only 50/50 on chances of success, but after the GFC better cautious than greedy.
On of my two preferred oilers, but DYOR.
EL
why sell stock where there is only upside, page-11
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