GREY:ROAOF - Post by User
Post by
grommeton Mar 03, 2004 12:12pm
387 Views
Post# 7152290
Risk/Reward
Risk/RewardDownside risk is probably about .75 - the upside is probably 7.00 [taking into
consideration more dilution for more wells]. So current levels provide a reasonabe
risk reward scenario.
IMO.
... watch for some news on North Dakota. It's a 5TCF target. Art told me they were
drilling it starting in Jnauary...since we haven't heard anything yet I'm assuming it
may have been delayed while they set up for the 15/25b but I would expect them to
move ahead on it once this block is more or less under control.
Good luck.