Good Oil
On most occasions (as we all know) you will be correct, simply because only maybe a third of these plays will be short term payers. If a play can offer maybe 4+ bags off a dumped SP then the odds are, in any case, in the punter's favour. So I keep posting we know (or at least I know). I don't need to realise 20 bags all of the time... just some of the time(eg. ssno) .
I wish my crystal ball were as accurate and certain as you believe yours to be. If that were actually the case I would be richer than Buffett lol.
I am not geologist, but I do understand that tight gas formations (such as Chaal to the south West) are more difficult to log than conventional reserviors so we can only wait and see. There are also the politics of a necessary CR to manage. I note GPX closed up against a red market with no let up in Syria (as a possible explanation).
Cheers
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Price($) | Vol. | No. |
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