RE:RE:RE:RE:RE:congratsYour 10,000,000 wells drilled since 1947 declartaion has an extra zero, in error I am sure. 550,000 in the United States since 1945 -- your number should be 1,000,000 globally. And dry holes for exploration onshore are not 95% (my error) but over 99% non-commercial. Lots of "geological successes" like 6-2 but almost always are commercial failures.
Worse being Namibia the governmnet is the problem. Nationalization without compensation is easy when a small independant Canadian comapny is the owner. Look around the world - the value of a promising small independant is at huge risk - in gold is the worst - Crystallex in Venezuela. The governments of every African company don't even have to nationalize -- they just refuse to issue drilling permits citing environmental issues, red tape or not enough bribe money.