RE: Interesting Math - $8.10 Thanks for the article jog. We need more columnists talking about Namibia.
I suppose we could all do a similar calculation on EOG. In facr GRH already
did just that and came up with $12.00 for EOG considering only the off-shore
possibilities. Add in some more for the on-shore possibilities and we might
approach $20.00. The thing about probability analysis is that the actual
result is either a ONE or a ZERO. Until then the analysis is useful to the extent
that it reveals that EOG is a situation that offers a very favourable RISK/REWARD
ratio that I think everyone on this board clearly understands. When EOG was at
$1.50 the risk/reward was viewed as favourable. Nothing has changed since then
except that EOG is at $0.30 and the time until take-off is 6 months nearer.
I think now is a good time to increase one's bet.