Possum Again I hear you. for the purposes of comparison was New Seaclem 1 exploration or development.
You site examples of releasing info, I suggest you also consider the other side - ask buyers of COE stock post their initial release of the Kurnia 1 well results, many bought in the 120-145 range based on early results - the well ended up being P and A. The stock now trades at 45 and has never been closed to 1 dollar since. whats worse is that as they released info people kept buying in the 1-1/45 range only to find out 3 months after, after many tests it was a P and A
Laslty, what I also dont understand is interesections on the own from what I understand do not determine flow rates, as evidenced by the 5 previous wells in this fied, there is no correlation between hydrocarbon bearing zones and ultimate flow rates. infact it would be very easy to make a very misinformed decision on zones alone.
Possum - guess this uncertantly and differing views is what creates buyers and seller, in the end one side of the current exchange will be proven correct, the best we can do is use all our experience, knowledge etc to arrive at the best decision we can. I guess for me I have thought whether on poor results whether i would sell, the answer is given the act poor results will see the stock in the low 20s I would probably not sell based on the level of prospectivity of the block. So whether you feel Gazelle is an all of everyhing outcome, that probably influecnes your need for intermodiate results.
RIA Price at posting:
30.0¢ Sentiment: LT Buy Disclosure: Held
