I agree completely. Never did i think that the oppies would run out of time. I give the Turkish well absolutely no chance and I believe the oppies will not come back. I stand to lose a packet on the oppies.
I do however believe that in the long term sugarloaf will be a good thing. It will just takee a long time to figure out how to get the HC out of the formation. It is also possible that the formation may never produce. Companies like conocophilips have been wrong before.
EKA Price at posting:
0.0¢ Sentiment: LT Sell Disclosure: Held