Problem as I see it as an old gold prospector is this... oil and gas are a bit like gold, it is where nature deposited it eons ago and while all the research under the sun may steer you in its general direction, oil, gas and gold are in the end, only where you find them and not where you don't!
People (like me) spend considerable amounts of money over the years looking for gold and the return is, well lets say its a really fun hobby! But there is always a chance of a big find and the roller coaster ride to the big find keeps us going ... PEP11 is the same to me. I think the gas is there. It is proven in the same geological structures onshore, just have to find it, and that is no easy task.
MMR Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
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But there is always a chance of a big find and the roller coaster ride to the big find keeps us going ... PEP11 is the same to me. I think the gas is there. It is proven in the same geological structures onshore, just have to find it, and that is no easy task.
(20min delay)