RE: RE: RE: RE: RE: News Release Expected Tomorrow
Yours are valid points depending from what perspective each one is taken. Let me illustrate. Any professional can interpret data, which is compared to all avaiable data to give the best overview of the drilling potential for success at that drilling location..but there is no set guarantee that any of the data or partial data will be as interpreted. The data is only to assist in the decision any experienced driller will tell you, you don't really know whats down there till you drill. Yes, there are many factors to improve the odds. The 10% is always the starting point. I know a few geologists that have lost their jobs because they didn't find what they expected.
Undoubtedly this group compared the available data with the risk and decided the data with the high reward factor made it all worth it. This is why they are very cautious with the inormation that is released. And you must respect them for it. They already took any enormous risk for a company their size to go at it 100%. Can you imagine what could happen if they release inaccurate information. They would be blacklisted as a bunch of irreponsible kooks.
You must remember, this is a relatively small bore drilled over 2 miles into the ground, and they have to interpret what is down there, and if positive they would commit another $10-12,000,000 for annother well. You can see what types of questions they are addressing at this time. I think they are being very responsible. I sometimes feel theres a general feel that investors want to know the bad news immediately so as not to drag out a disappointment. A success is a success, the only question is how big?
Would we be any happier if it were a small success? I hope that helps with some of your questions. Of course I could call them and ask for you, but that would take away all your fun. The results will definitely be intersting.