I have experienced the highs and lows of investing in oil and gas specs
I did a big punt on mog many a moon ago and was well in profit and planned to exit with free carry only...but got greedy on some very positive Early results..
Suffice to say exited with decent loss after similar anouncement. I learnt My lesson as fact is % of commercial results from oil and gas Exploration very low.
Spec oil and gas plays IMHO very high risk...and yes I know from experience, so if you are really hurting from today's experience learn from this as many others like us have
Take care
NEN Price at posting:
7.0¢ Sentiment: None Disclosure: Not Held