RE: Chances are....... Nice post. While agree, a Duster on the first well would cause a Price drop.....I content the market is "nearly" pricing in a failure at the current $1.00 per share. Meaning, it'll fall, but I think $.50 is a stretch.
Secondly, won't we know results on HRT-11-AM prior to the Namibia results ???? I am assuming less than 60 days for results or thereabouts...........please someone with better info give the board a timeline when HRT should be finished....Spudded in March 18th I believe......so a bit ahead of Wingat.
If they find Oil in Solimos prior to Namibia results, I think the stock will already be above $2.00.........then the downside may take it back to the $1.00 level.
In this market, it's anyones guess..............but I think the real odds on Wingat are MUCH MUCH higher than 18% for an OIL strike.........The science is correct, and the company is betting nearly everything on it.......years, and years in the making.
Van