TSXV:OOI.H - Post by User
Post by
Dave4444on Jun 30, 2012 11:02pm
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Post# 20073035
No drilling until late Fall or early
No drilling until late Fall or early 2013 if you ask me. Why? Easy, look at all the various aspects of their deal, the cash is in place to drill a well as it is in a restricted account with the government, but why drill now? Better yet why is it that the insiders do not want to drill yet. Well first they have until Spring 2013 to drill and when they drill the stock is likely to rocket with a little promo, but if they drill now, there are a big bunch of escrow shares that will not be available to sell. A lot of those shares come out of escrow in the Fall 2012, so no drilling is going to occur until the shares become free trading and available for sale if required during drilling or after drill results. So do as I am, sit back accumulate a big position and wait for the inevitable drilling in late 2012 or early 2013. JMHO