dead moneyI was stopped out at $5 on 22/2 and I don't see anything positive at the moment to draw me back in..
Having said that, I'm impessed by the level of optimism here,
It seems to me there's really no compelling reason to believe that this is anything but dead money for quite a long time.
When I purchased at $4.40, I thought the worst downside risk on a bad well migh take $1 off the share price while a blowout well could add $5-$8.
We now have: a mediocre (all gas) well with no way of getting the product to market
A country in upheaval so a pipeline appears to be a very long way off
A shared border with yet another country in a very bad way.
With all of North Africa in turmoil, the risk/reward here stinks .
There are just too many "unknow/unknows"at the moment.
GLTA -