If you can`t take a joke you shouldn`t hold small oilers.There will be plenty of dusters - like Krotz Springs - for every success but if you have to raise funds to finance drilling the best way to prevent dilution is to keep the sp up by either drilling or having a timetable to drill.
There is a better understanding of how to interpret the seismic around salt domes - where there is oil - and personally have high hopes for the next well but don`t think that Holcomb would be an effective 'long-stop' if Perry Ranch didn`t come in. Already need funds for Sargent Ranch never mind Drover looming up.
GEV Price at posting:
2.6¢ Sentiment: Hold Disclosure: Held
