Agreed - at the end of the day investing is a risk where one needs to weigh up the risk and reward associated with each decision and based on that make the choice of investing and not investing.
MY OPINION (sorry for the capitals) is that this company will do well - they have some experienced directors running the company and wouldn't be wasting their time unless there was potential - directors of companies won't invest millions into a well unless there was a good chance of finding oil.
Having said that if you choose to invest with the company then you have to be prepared to be patient because the company cannot simply materialise oil at an instant. If you don't choose to invest then sit on the sidelines.
Concluding Summary: 1) Do Your Own Research (DYOR). 2) If you think you are on a winner invest with confidence. 3) Review your strategy very regularly. 4) Thank the Hotcopper Moderators for providing a civilised forum for people to respectfully discuss and disclose our opinions.
Goodnight and good luck.
JKA Price at posting:
10.7¢ Sentiment: LT Buy Disclosure: Held
