duster as expected, page-14

Golf, i'm not quite sure what people on the KAR thread expect? They seem to be delusional in their expectations. This is what, the sixth well drilled since this campaign was embarked on? KAR has hit 3 of 6, that's unheard of for oil and gas explorers. Additionally people knew this well was committed to and like all wells the probability of success lies at a max of like 10%. It being a duster is not exactly a surprise.

The stock, like any with no cash flows is volatile. On the plus side the actual position of the company internally (excluding all external factors such as sentiment and markets) is in better shape than it has ever been. Cap raising at > $5 hasn't seemed to place a "floor" of sorts under the price given the cash burn, but the stock has been pounded mercilessly of late. It looks like it's time to buy more.

I hold a few thousand @ and average of $3.80. Am looking to add sub $3.