GREY:GULSF - Post by User
Post by
stuckinonowayon Feb 04, 2012 11:03pm
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Post# 19491369
no point in b@@chin
no point in b@@chin bottom line-i'm positive gul is broke.as for the advancement of any wells so far-i doubt it.issues in the field have great impact...who pays their bills-who is new etc.and cash and rep are king.
other factors are at play here aside from the fact that gul can't function in the patch.witness a private disposition of 1.6 m shares lately.someone,somewhere might pick these wells up but me thinks the baggage and developement/retirement costs don't make it worth the while.
under water here too but don't see an upside any time soon.
onward