GREY:GRDSF - Post by User
Comment by
CalifDreamingon Jan 10, 2011 2:27pm
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Post# 17949441
RE: I'm out
RE: I'm outCrikey. Hold a spec driller for year and now you sell - immediately before things get interesting?
Absent more drilling problems, Qara Dagh is "supposed" to TD mid Jan - just days from now. Then you have Guyana and Egypt mid Feb-ish.
If Kurdistan hits, you could be looking at a 10 bagger. If all three hit, you could be looking at a 20 bagger. Plus you get several more chances at Egypt via the carry, and another near term shot in Guyana as they are carried for a second well that has to TD before end of May.
Of course, if all three miss, you're looking at a few pennies...
Normally, I'd sell into the pre-drill hype and just hold freebies. But since there are 3 wells to TD in such a short amount of time, I'll hold far more than I normally would on high risk wildcatting.