Well said plugged. Hold it together people. The time most of us...

Well said plugged. Hold it together people. The time most of us get it wrong is when we second guess ourselves. This play has been a winner from the start, all those years ago. Bank some profits along the way, hopefully already and let the rest ride and enjoy it. Those of us who were really committed to the stock bought again really cheaply and are sitting on some already handsome profits. Smart ones would've booked some profits and are letting the rest ride.

To those just on board it's about, well lets put it this way: Shell must have seen something they liked. They're one of the best in the business. Therefore, its a 50% chance that there's significant oil there on the seismic (industry standard although we all know that it doesn't quite work that way). Then there is the recent survey. These quantifiable results have statistically shown that 70% of the time shell hits oil drilling after both types of surveys. Therefore the chances of them not drilling is 35%. Now in a horse race those odds of the horse winning (far landing the shell trophy) are 7/2 on or in the current scale 2/7 or a horse paying $1.35 on the tote. This is no long shot.

Note: this is after watching the state of origin and having a few beers punctiated with lots of swaering at the ref. Hope all you New South Welshmen enjoyed this post more than the refereeing standard displayed tonight.