FAR 1.02% 48.5¢ far limited

OFL. When companies are drilling their wells its usually the...

  1. 13,293 Posts.
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    OFL.
    When companies are drilling their wells its usually the case their CEO's talk the well up.
    Nothing wrong with that by the way and I have no qualms about that at all as its their job and our money.
    I understand why most think SAMO is a sure thing and Soloo a surer thing but in my experience I have seen a 78% sure thing prove inconclusive just recently.
    I have read hundreds of prospective resource estimates by RISC that have not delivered regardless of how up beat the companies were.

    The obvious reason I hold is the just in case position.
    I have learnt to not get too upbeat until results are in.
    People buy in on hype and most times the hype falls flat.
    I look at the hype by some over the years with every well drilled by FAR and I then look at the SP and think after all the success, all the oil booked to FAR, the SP flounders still.

    Anyway my beef is not about what they have found its about how management go about things.
    How info is relayed and not relayed.
 
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