GREY:SMBZF - Post by User
Comment by
lushlifeon Nov 18, 2017 9:58am
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Post# 26989001
RE:RE:Still a gamble.
RE:RE:Still a gamble.Mram, they did say they were going to drill in 2017. Not all of the posters believed that, including me. It could have gone either way. What I have always assumed was Essel would delay. Maybe not their initial strategy but with the unexpected tanking of oil prices and other factors it seemed very possible. I feel Essel may have misjudged future problems and are now left holding the bag, along with many unfortunate shareholders. So the waiting continues and the delays will continue until they can justify spending a whole lot more money on a so-so prospect. Oil prices need to rise upwArds of 70 bucks a barrel in my opinion. As Wittman stated, credibility issues dealing with Essels intentions, no doubt have a negative effect on the s.p. Their investor relations is atrocious. Jmho