Ann: Zapato-1ST Drilling Update and Option Expiry, page-146

Firstly, I don’t think it will go anywhere near halving if we miss. 15% down at most. And secondly, how crazy are you holding a stock on a wildcat drill than you think will halve if it misses? Clearly you think alameda isn’t worth much at all…. Yet you hold! Do you think we more than double if we hit? If not… you’re surely taking terrible odds in this “gamble”. Even the most intelligent o&g investor wouldn’t say we are above 50% likely here I don’t believe.

I reckon you might need to rethink your whole strategy, it’s not well thought through from what you have just said.
mine is sound thanks.