Exit points will be in the lead up to drilling, or stick around to see what the drill finds. Either way if you are buying/selling now you have really messed up your 50% capital gains discount timings.
The two choices are:
Sell in the lead up/anticipation to drill April/May next year. [5 months]
Sell on the well discovery approx 40-60 days after drilling commences. (if it finds the goods or not) [7 months]
Third options would be you are sticking around 12-24months+ for additional wells and production.
Ideally everyone should have their positions and trading plan formed 6 months ago. I reiterate, buying/selling now is for absolute fools. Retail investors really do have no idea sometimes.
Ann: Invictus Energy Investor Briefing Webinar, page-136
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