marginal or profitable, page-15

Phil Duc...

"Before speaking and spreading wrong ideas in people's mind you should do your home work and not pretend you know every thing better than the geologists on this project and the management as if they wanted to waste their time and the shareholders' money and confidence so that every one loose it all at the end."

There is only ONE geo on this and that's R de B. Haven't seen him buying on market. They don't have any other projects, they don't have any other leases, they have not farmed in to other projects, they only have this one and are carrying 100% of the risk. If Rick wasn't playing around in this field he wouldn't have anything else to do at GDN.....so what choice do they have but to plug away in hope of something. The salary R De B is on suggests he isn't expected to be plugging away at this very often anyway. As a consultant, he could probably draw at least $2k a day.

You have to spread your risk in this sector and maximise the odds of being a part of a producing field. RS is chasing a dream, not building a diversified oil or gasser.