I am not an oil exploration expert but there are plenty of people in LMP that are. If hitting oil where a sure thing the price would have gone through the roof not remain flat.
LMP has several test wells scheduled. If this first one hits oil nobody would be happier than me but to be realistic test wells turn up dry all the time. I could not give you the odds.
While we are all hopeful, I am concerned that too much emphasis has been put on this first drill. I have a significant investment in LMP and will continue to hold regardless of this first report. I think at some stage the chances are good that they will find oil.
Considering that i think there is little down side risk and huge upside potential.
Good Luck!
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