junior oilers...... full version, page-7

jocam,

Thanks for another great post. Super summary about my favorite sector. I learned heaps about MD today which consolidates the little I have learned the hard way.

Here's a hypothetical for you: A company farms-out a significant prospect. Is there going to much MD effect or should one wait for the well spud. I'm thinking AYO of course, the Chairman announced that they hoped Whicher Range 5 would be farmed out by January and that they would have to spud by June or July.

I hold AYO

Regards,

opt