My personal opinion is that at these levels it is like tossing a coin. If WA is successful you should do very well. If it isn't I'd expect the price to go into free fall for a while.
It should recover from a failure reasonably quickly unless the Gocerler wells continue to reduce in pressure.
I sold between $1.05 and $1.15 on the way up because I thought it was too dependent on successes in drilling. History says oil & gas well success can rarely be predicted.
I tend to buy and sell based on charts and at the moment the chart says stay away. This is only my personal view and others are free to agree or disagree.
AYO
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