TSXV:ART.H - Post by User
Comment by
StockBlock1on Jan 04, 2010 12:52pm
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Post# 16635723
RE: RE: RE: RE: RE: Risky wildcat-slider
RE: RE: RE: RE: RE: Risky wildcat-sliderFair enough but Iraq is currently a region much different from anywhere in the world. This is a country that sits on billions of barrels and largely unexplored, your statistics don't exactly apply to this region.
The difference with Iraq is it hosted an oppressive regime for years leaving most of the country poor and technologically unable to explore for oil. Due to this regime, there is still billions of untapped barrels left in the ground. Find me another region in the world with this type of potential.
Seismic has shown a massive structure with the geology on VST's side, so is the major risk not whether they hit oil or gas?
Commercial development should not even be considered until they further define their block and if they do hit a sniff of oil VST should be far more expensive then it is now. This would give anyone the opportunity to sell at much higher prices regardless of commercial development.
Do you not agree with this? I challenge you to find us all a stock that has the prospects of Qara Dagh and paper as cheap as VST.
I know you payed a lot of attention to OIL and regardless of it being .065 a share it was at one time $20 and many people made profits off it. The thing is at some point in time VST will be more expensive then it is now, regardless of commercial development.
Good luck, only time will tell.