RE: long-term gains, short-term bad news
a realistic post--ive got over 30 yrs in oil patch (finance not drill bit)
they drilled over 12000 feet of rock--it would almost unheard of if they didnt have oil shows
no drill stem test and no oil to surface as ive read here by many posters
i said before --finding it is half the battle--getting it out is the other half
drill team does not have to have screwed up--at those depths many many things can go
wrong
no doubt in my mind--they moved the rig--this is an abandoned hole--they will not go back
next well is just as risky and thats what the market knows--big risk--big reward
i dont own this stock--a couple of friends do
good luck on the next wildcat--and that is exacrly what is is--another exploratory hole