Suds, the problem is they believe their own spiel.
If you find another oil explorer who is confident of finding oil, you'll find an inexperienced one,
J Paul getty, the Rockefellers, Boone Pickens, not to mention Shell, BP and Taexaco, all who thought searching for oil was so unrewarding they all went into refining, marketing or purchasing proven reserves. All the successful pax in the oil industry avoided discovery like the plague, but not FAS an experienced miner from Osborne Park!
FAS Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held