How do you find – and play – the junior oil exploration stocks that can be 10-baggers for investors?, page-3

Someone on here gave me some advice that I thought sounded reasonable.
They said, if there was no ANN >48hrs after you think they've drilled & should have results, then get out.

Logic suggests that as soon as they saw ANYTHING worth writing about, they would (considering they haven't had any news for ages)

Another said the chance to find oil was 1 in 3...but that was further qualified by, the chance of finding oil in a "commercial" quantity, was less than 1 in 10.

I've just reduced my exposure to this stock & kept only a few dollars in.

If it goes to a Disallowed, I can still fly to the U.S. in the pointy end of the plane, if it fails, no big loss.

The longer this goes the less chance I think on this one.

GLTAH