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more great positive media exposure, page-3

  1. 12,996 Posts.
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    gottalovevmt: Great to see you appearing on the SUR thread - I already knew that you are into CVN (so by logical "extensional thinking" you would be or become interested in the partner for L20/L50...). Incidentally, I was looking at CVN when it was 7c and did not buy then - something I did regret for a long time (but the past is the past, obviously).
    Regardless, as a very very longterm holder of SUR, I got into SUR (same as ITC and FAR) at way too high a price and then was compelled over time to average down, but my average-in price is still around 8.2c to 8.3c, which is fairly high (I had no spare funds for SUR when SUR's price was quite a bit lower not too long ago).
    I am somewhat "negative" on SUR, as I do regard SUR by now as a "one trick pony", i.e. either THAILAND will work or not (of course a lot of "tricks" in Thailand in that oily field in my view).
    I was (and still am) against SUR management's decision to farm down their one great asset (luckily now "only" 7.5% got lost to Peak oil resp. newly RAI).
    I am also against SUR management's decision to find a "new opportunity" in on-shore Europe and in gas. IF such a great opportunity really exists, the big companies in Europe would have taken care of that one for certain and not waited for SUR to arrive on the scene. (JIMHO, of course and as so often, I might be wrong).
    SUR used to have (together with PCL) a fantastic asset in MALTA, but for political reasons (Libya) this has not gone anywhere. Whilst this project is NOT as yet completely dead, it certainly will not be positive in the near or even mid-term.
    Due to the personal connections involved between SUR and PCL, I would have loved to see SUR get into PCL's Kenya acreage or into PCL's Namibia exposure - but obviously not to be.
    But, to make a long post short: I truly hope and believe in the Thailand opportunity (L20/L50) becoming a success and hence I shall at least for the first drill NOT be trying to lessen my exposure (by aiming to become free-carried through selling a lot of my SUR shares) but will hold onto ALL my SUR stock for a hopefully great outcome, i.e. taking full risk.
    IF Thailand will prove to be a failure for both drills that will be done, then I plan to thereafter get out of SUR and just bear the losses (ahead of any outcome in Europe).
    NOT SURE at all IF any of all this longwinded post is really of some (limited) help to you at all, gottalovevmt?!
    What I can assure you, however, is that it is my completely honest assessment of how I view SUR.
    wasa
    gottahavealotofconfidenceinThailanddelivering....
 
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