What I meant was being able to buy in the 3's ie ask price . Not quite there yet .
Good luck with biotech as I have absolutely no idea how you value those stocks - it's all a punt I think whereas O&G you can value based on reserve estimates. Don't forget 2P reserves are generally worth $15 to $20 per barrel. We have independent estimates of having 1.2 million barrels in one prospect alone - you can do the math.
I certainly don't expect a quick buck as solid returns generally take time - making money isn't easy unless your lucky though that won't happen time and time again - smart investing will reap rewards.
I wonder whether or not you will be a believer if we announce oil find at perry ranch based on 3D data indicating there is oil there and unexplored . And let's not forget the pressure kick at the 5200' layer.
GEV Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
