Ann: Otto to Drill 400 MMbbl Nanushuk Oil Prospect in Alaska, page-128

I am a bit confused / baffled by the Markets valuation of OEL .The cash flow over the life of SM-71 screams at me that it should be much higher.
The Market is valuing the exploration assets at virtually zero , Nada !
I have resolutely added as the price has sunk back under 6.3 cents and have a very big holding now .
I am still a few percent in the green but the chart says I won't be soon .

What does the Market know that I do not ?
It did give me pause when an insider with a large holding sold out at 5.5 cents .
I rationalized it as "people need money for all sorts of reasons ".

It is emotionally hard work betting against the market .

Am encouraged after buying a large parcel in CVN while there were rumors about that there were troubles in the drill .
More than trippled in a short period with probably more to come .
Emotionally felt a bit like I am feeling about OEL now , before the Announcement of the discovery .

OEL is a bit different because its production cuts out most of the downside .

Hope no one thinks I am blowing my own trumpet , just trying to encourage holders who will be getting frustrated and a bit emotionally beaten up by the price slide .

When there is any good news from exploration over the next year things could move fast .

CVN has undoubtedly found an elephant but Alaska is elephant country too .
As always in exploration we just need a bit of luck .

gltah