Russian Roolet...{ The seismics, the helium survey, the drilling and additional analysis - ~25 million has been a waste and they should have pulled the pin on this drill and moved on a long time ago. Inexperience and aligning with an unproven company Offerring little but a fabricated rights issue are hard lessons to learn. let's hope the TSX listed company beingaligned with has some substance.} ========================================================= Makes sense, Every one will agree..
WHEN RRS MAKES IT OFFICIAL....
Aug-2009 Every one thought Gulf Keystone was in trouble with their first drill with Shaikhan-1 in Kurdistan, they took 8 months and the very first real update was misread by pi's, believing they had encountered problems.Many believed it was a duster and were selling out right up to the morning of the 'big find' 3 weeks later, they found 1.5 billion barrels, later updated to arund 5-7bb's.
RRS Price at posting:
14.0¢ Sentiment: None Disclosure: Held