we all knew the risks were big...
once again a BESBS strategy won the day...
we were gambling...gambling with abit of class on this one....
NGE have that medium term hedge with some of the best permits ive seen, and PNG fairway...
biggest land acerage in PNG, positioned in the middle of land grab central, PNG LNG....
The prized permits are still there...
good opportunity to buy soon...
I am...
OSH to $15-$20 on this...
NGE will ride up back with the big boys, and will get a shot at becoming a big boy itself,
if it is not taken first...
win win situation with NGE now dirt cheap long term prospects...
drilling with a hedge...
we only lose time we dont lose money...
dissapointing result...
if you can see the big picture, the development of the region, big oil moving in, then today only delays the path to those riches...
good buying opportunities...
catch you all in the next round,
im not going anywhere...
.^sc
no oil shows but elevated gas readings, page-35
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