GREY:STPJF - Post by User
Comment by
Junit290on Jul 14, 2014 1:17pm
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Post# 22743239
RE:RE:RE:Im surprised
RE:RE:RE:Im surprisedI'm pretty stoked for Thailand. Going to be nice not to have any responsibilities for a few months.
I wouldnt worry about about the share price guys, I for one am hoping to see .14 or .15 because I plan to load right up. I had to do a road repair for one of the drill rig onsite here and when I was in the control room I started up a conversation with the consultant and Haliburton engineer about ICD's. Either of them has ever heard of them lol but what was interesting is that when I brought up STP, the consultant instantly brought up that one of the other guys, who is a pretty thorough investor, was heavu into them because they have apparently turned things around and figured out how to get the oil out and are keeping a lid on it. Said investor has a guy on the inside. Also brought up the fact they have a contract to drill this winter, didn't specify if it was coreholes or SAGD pairs. All in all I left feeling like maybe they actually know wtf they're talking about because I think I can read people really well.
It's definitely a case of hearsay at it's finest, but the story lines up pretty good considering they are installing ICD's one after the other. I said it once and I'll reiterate it. I'm guessing they don't spend on anything else but ICD's until production ramps up and they have a really good idea of where they stand financially and I bet they can gain acress to more money if they can prove up the wellpairs. This talk about selling Senlac is in my opinion a waste of ink. They spend 18 mil there and they are instantly a corporate breakeven at today's production numbers and we all see that production is increasing.
Grain of salt people. Just thought I should shaw because I'm not a selfish person by nature.