GREY:ENGFF - Post by User
Comment by
TCI_on Jul 24, 2008 10:40am
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Post# 15325000
RE: Lotshi News- Just out
RE: Lotshi News- Just outtheprophet said "
One could also look at it as "im not worried about spending the money now , as I have a huge pool of oil that will fund all exploration for yrs to come " I know if I was spending a million a day on a drill ship , I'd better have a way to pay for it, same with the lotshi block exploration , I will need money to make it pay and it won't be a PP cause if nothing at kunene , my company won't be able to raise much at a few pennies per share .
My thoughts exactly!! We keep drilling at 1 million per day but we've only been dry or just gas so far? I doubt it!! UNX options the rest of the buy out and we are dry or only have gas so far? I doubt it!! There was a huge run up on June 27th (around 2700-3500 metres at the time) and we are dry or only have gas so far? I doubt it!!
TCI