We have been at this level before a few weeks ago and proud that we managed to finish at 4.5c. Its darn painful i know but got to bear woth it. Either sell out at loss or keep the faith. I dont deny its hurt day
AP GEO owe him and us an explaination. They will be a solution I'm sure. At least oil is there so its not a dry well. The pressure logs will help explain a solution.
im still surprised 650 metres net pay doesnt flow. Got to be a way to make it flow. But shows how little i know of oil and gas and how easily im persuaded.
My estimates of 30c was based on oil flows but now its only a pipe dream. But if Alameda 3 upper sheet that would recover the price to an extent.
At 4.5c its valued less that what uppersheets from 1A and 1B. It also doesnt factor success at A3 uppersheet which in itself has 3 billion barrels in place. Plus Marti has flowed oil before and it might be a solvable problem.
Life is tough I know so no need for posters who dont hold to make it worse. is the battle lost yet. No way by stretch of the imagination.
AP needs to come up with a plan whats next.
MAY Price at posting:
4.5¢ Sentiment: Buy Disclosure: Held
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