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re: att blackoil, (jeruk2 leverage) ... an excellent synopsis BG

my number one trading rule "protect your capital"

so unfortunately a few nervous nellies sent me out for the time being. having got in initially at sub .10 and exited around .40, i can live with this subsequent foray and associated loss.

it is still risky as you may well be aware, regardless of the alleged gross oil column and associated potential size of the field.

the main risks being the depth we are dealing with. alot can go wrong as jerkoff#1 would attest to. however, that is why cue is trading at a discount to the full value if realised. add to that the overhang of the sole risk premium and many variables begin to appear to increase the risk.

i may look to re-enter if it approaches .20 but will sit on the sidelines for the time being b/c as u mention there is much time to be expended before we know the actualities of jerkoff#2