Discovered 5000 barrels of oil per dayPer IR there is 5,000 barrels of oil per day that has been previously discovered in 1936, the hole was tested and plugged. The oil was 41 API, the best commerical oil available.
I guess Good40 is now going to say that this is not oil, it is cooking oil or, not of commerical grade since it is 41 API or, that there is only 1 day worth of oil, or that they will never find any other oil, or that risk is too high for oil play, or that it is too early to buy as spud is 100 years away, or that management is a fraud and cannot be trused or, that Soros makes lots of mistakes when investing or, that the drillers have no experience, or that LFD cannot find drillers or, that drilling equipment cannot drill or, that .....
Boy Good40, I have heard nothing but excuses from you as to why a person should not invest here.
So tell me, "What are you doing on this message board?" It is obvious you hate the stock and you do not believe in their chances? Why stick around?
Here I am going to make you feel better, we all agreed on this board with you that the chances of success are .00000000000000000000000000001%. That political instability is 9999999999999%. That management has 0% experience.
Now that you have us all convinced, can you move on to another board so that the rest of us can make money here.
JMHO