I must admit with a 20% chance of success for a wildcat (little birdie told me it was high % for a wildcat). I am still hanging on. Children are on EBAY now - JOKING. I am prepared to take the risk. Always DYOR (with a little help from Sav-J. LOL)
Like the definition of a wildcat
Wildcat Drilling
The process of drilling for oil in an area that has been left unexplored.
Notes:
The area in which the wildcat drilling occurs has usually not yielded commercial amounts of oil in prior to drilling. Due to the uncertainty of striking oil, investors who choose to enter into a wildcat oil and gas limited partnership are exposed to high risks. However, should a significant amount of oil be discovered, investors can reap immense profits.
If it comes up a duster, plenty more opportunities with their drilling schedule.
Notice buy side has picked up. Don't think it has fake buy orders on it, like another oil stock (won't mention the name and it is only my opinion).
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