GREY:ENGFF - Post by User
Post by
travelnutteron May 29, 2008 10:06am
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Post# 15122233
Violetta posted real news NR 9:29 am
Violetta posted real news NR 9:29 amBB posts indicate number of you have not read the news release posted at 9:29 am this morning citing weather delays + mechanical problems, therefore drilling not expected to hit payzone now till mid-june. There was NO release re: dry hole - that info is bogus - ignore that spammer.
Overall, news acceptable. Of course, I am annoyed that my funds are still tied up with ENG for at least another 2-3 weeks without a payoff while other stock opportunities pass me by but hope for a big payoff with ENG remain solid, IMO. Note the release indicates what I suggested earlier, that the Namibian government is the big player here re:drill secrecy. This hole is a very big deal for the Namibian government.
ENG sp will just float along and probably continue to drop over next weeks as money players invest elsewhere, planning to return at the very last minute.