GREY:ROAOF - Post by User
Comment by
butthenagainon Nov 14, 2007 9:21pm
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Post# 13809843
RE: Oddjob and Constance and ... development?
RE: Oddjob and Constance and ... development?JF,I once owned a gold play in Peru. Hit it big, but was bought out before they could prove up reserves. In the future, many drills were put to work in the spring, all at once, to try to solve this problem. What I am getting at here, has any thought been given as to why Art is drilling Shelly, Huntington, and Huntington west so thoroughly, so quick, even at the risk of slower development. Just maybe he might be trying to do as the gold company I described now does. Prove up reserves, if someone is on your butt. What good is increasing production a bit, and release results on one of these plays, and leaving the other two or more for pennies on the dollar. That's what Goody would have us do. Sort of"your only worth what you produce". I think Art is doing the right thing by drilling with everything he's got until the bigger projects are looked at. No pipelines needed @ Shelly, and the others can wait. I could be wrong, but I feel Art's priorities are correct at this time.
butthenagain