RE: RE: RE: anybody agree and disagree"Shares should be based on the total capabilities of NOG and not just on the possibilities of one little hole"
I agree on your assertation that this is just one little hole and that we have so much more currently producing.
However where I disagree.
If this hole shows promising results or even results that show we are onto an oil find somewhere in the vicinity then we are onto a much bigger animal. If NOG can prove up this well they could also prove up an area where they could drill many more wells. This area could prove to be a multi well area. So yes its only one hole but in reality its a much larger animal.
If this area can be proven up look for Hunt or another firm to buy into NOG for this area. Currently we own 100% of the proceeds for this area. I believe that there maybe a royalty that is paid to Hunt for leasing the land however.
Cheers