RE: RE: RE: RE: RE: RE: RE: RE: RE: Management comCheers Darcy,
Yes Pacific rubiales is a good company and very constant.I like them.
What are u going to do ? Will you double your position on TPL at 0.75 before last test zone result in tajik/ kalypso and the fundraising? I know U often averaged down in the past. Or will you wait after tests results and try to get them on the cheap (0.5) if results are not good ? (but taking the risk they hit oil in one of the 2 wells)
For me this is a tricky question. It 's all about risk reward. I know the chance of success at kalypso and tajik (for this kind of well and geology) are between20-30%. So I still hesitate to buy before or after. What is your take on that? Should I buy at 0.75 before all the result or should I try to buy after the results knowing there is 50% that one of the 2 wells hit oil.
Best
Julien