As i see it now is that even if the commercial flow is good on all the discoveries and ones to comes if that be the case, the cash position in regard to development of infratructure to make the wells $ lucrative for the company in these times of tight bank lending is the major hurdle, look at GGP great discoveries a little while back but had a CR and now has gone from 2.7 to .006.
WHY? because of what i just described, and some dilution, i sometimes think that Companies may have a great discovery and then think, how the hell are we going to pay for development considering there are problems as well along the way with development (weather ETC)
And in the meantime the share holders become disgruntled wondering why the price hasn't risen.
It's when all the taps are turned on and the gas drinking giant is eating the stuff that the little ones can then eat.
Not financial advice just an opinion on a question asked.
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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