hdr true believers only, page-18

Well, if you want to be precise the ceiling on the downside as at 11:37am is 0.76. We might lose everything is if someone invents a perpetual motion machine. A more realistic downside would be 0.46, assuming HDR drops back to 0.30 if all 4 wells are dusters. So assuming oil continues to have value we have a potential loss of 0.46 and gain of $2+, with this uncertainty to be resolved over 4 months. I can live with these odds.