Aint it sad that the oil specs dont peak pre drill any more?! at these levels, it doesnt look like won has far to fall on failure, ergo buying at these levels is near on a free carry on results of well. to put it another way, the down side is possibly 20%, maybe temporarily. upside is, according to company, 1500%. no matter how ulikely well is, thats not a bad risk/reward equation, especially with cyrano in some way proving the prospectivity of the sands.
worth fluttering a few bucks. if the market persists in pricing in failure pre-results, maybe the new strategy is to buy pre outcome until one of them hits the big one.
