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855 sweet spot for shale gas, page-50

  1. 21,236 Posts.
    lightbulb Created with Sketch. 2065
    G'day Katok. My "water" tells me that the Chinese "connection" is what RJ is banking on to keep us in the game. The longer this goes, the more vulnerable ICN becomes. Our overheads are far too expensive to maintain unless Halifax-1 delivers. As you very rightly put it "THIS IS THE ONE" (and only!!!).
    The ball is in RJ's court as to where we shareholders end up. Will we still be ICN shareholders in 6 months time? If so, how much of 855 will we own then? SOMETHING has to give!!!! We have reached the line in the sand.
    Those that punt that .20 is cheap could make a bundle. At least by not punting at all, those will not make a bundle but won't lose either.
    IMO, most ST's nowadays are taking the second approach and not taking any risks.
    Good luck to the LT faithful and the "bundle seekers".
 
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