Well, the way I see it, tomorrow or indeed soon after is the time to decide whether your going to make a dollar or a fortune. It's very hard to decide do I wait or do I jump in? What if all those hydrocarbons are just scattered and not commercially viable, what if the several traces of oil are exactly that...traces...if I wait will it be too late to get in ?
I find the best way and only way I can stay sane is to look for value on a $1000 example.
sp 3.5cps
Buy $1000, no commercial oil or gas = sp approx 1-1.2 cps (loss 70 %)
Buy $1000, find commercial oil and gas = sp minimum 10 cps
(profit ~ %300min.)
Now you have to weigh in the likelihhod of fining oil/gas. Some believe its now an 80 % chance. Lets say its 70 % to be conservative.
So chances of losing 70% are 30 %
and chances of gaining 300 % are 70 %
Multiply these out and risk reward ratio is 2.1 : 21
or 1 risk : 10 reward
And my decision to load up tomorrow is made a hell of alot easier.
Gl all
IMO
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