Some people need to do basic sums:
It's your money that you presumably work hard for!
Have a look @ the sgc's Net Total for Borba Prospect in BOE then how many shares on issue at the time of drilling.
Have a look @ the sgc's Net Total for the Philippines Prospects in BOE (knowing they will be lucky to hold onto 10% to 20% of SC6 at the very best) then how many shares on issue at the time of drilling (Knowing that the current share registry will go ballistic with oncoming dilution inNorthAmerica & Australia).
If they pull it off you would be lucky to hit 6 cents!
$70 USD for recovery costs is crap in the oil game especially in water!
The Bidon Administration wants $72 USD Oil ....... Why.........simple .........Russia's GDP is 50% dependent on Oil and Gas Industry!
Not rocket science!
Many moons ago when people were bullish Oil I stated we are going to $70 USD...go figure the news is always late!!!!!!!!!
Enjoy the ride down!
Ann: Commencement of Cadlao Site Survey, page-9
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