RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:3rd Well TimingCali61 wrote: JimmyJohns: It's interesting how you pic and choose which questions you will reply to. This is a repost of my earlier reply to you:
First of all, you acted like it was insane to believe they couldn't get the seismic info for a specific area where they want to drill the next well. Now you agree they can, interesting. Hoe could a genious goephysist not know that??? Second, you obviously haven't read many, if any, of the interviews that have been done with Recon management. To trust you over them on deciding what their step by step plan should be is laughable. If they were fortunate enough to have had much better results from the first 2 wells, enough to go a step further than having the 3rd well be stratigraphic, once again I trust them over you. I'm pretty sure you don't have access to their data. There are other reasons to quicken the pace to prove recoverable reserves: government influence and pressure, revenue from earlier JV agreements to name a couple of very important reasons that you obviously are not considering. Welcome to the real world and operating in a country in Africa. You really need to read the license agreement and understand the pressure they are under from the government for fast results.
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Not to mention all the red tape they have already gone through to even get to this stage ...and then say again to actually hit something .. this is why this is such a fun ride ... I would not want to be short this one right now... just way to much risk.. but we need shorty shorts because that is what makes a market and allows guys like us to transfer money from the short account to mine!!!