Ann: L20/50 Drilling Update , page-2

Seems to me that Gotta was right about L20/50 buying. Too much coincidence otherwise, which means some insider info likely, or is SUR leaky?

Good to get clarity wrt the rigs. No impact on L33/44 drilling from either POE or CVN's other efforts - great.

Also good that POE "might" put their 2nd rig into L33/44 work some of the time. I am assuming this is likely, as I was under the impression that their L53 isn't as worthy, and bearing 100% of the costs their might be a bit weighty.

I figure we've still got a good chance of retesting the recent low, by which time I might have reviewed my appetite further, but pretty much in the same position as Stefanis wrt my portfolio risk. Investment seems to me as much about risk assessment/management, as about picking winners.

EL