Hi all. These boards are definitely entertaining as I am learning for the first time. The good thing is that there are no shortage of passion and opinion, great for the stock The bad thing seems to be the chirping back and forth which is bad for the board.
For what it is worth here are my thoughts
1. Borba is a serious exploration play
2. GJ and his crew have worked it hard
3. There are 11 potential gas zones identified
4. There is a 70% chance of finding gas
5. The pipeline tie in is 5 km away
6. The gas market is in need of supply
7. The rig is onsite, Spud is imminent
8. The structure is huge
To me, this is a company maker from any perspective however exploration is a risky business and I believe GJ has mitigated the risks to a high industry standard.
Years ago I gave up all efforts at prophecy when it comes to estimating the value of a company maker initiative on the company. Decades of experience has taught me to look at the fundamentals, keep calm and fingers crossed.
Best of luck to all. Keep the faith and enjoy the ride
The Captain
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Hi all. These boards are definitely entertaining as I am...
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