RE:Let the Oil Gods Be With Us!!I expect we get some kind of an update next week. Good or bad, who knows.
Personnally I am WAY over invested in this. Upside is simply to good from here though to really derisk much. Even on a duster, which I would expect could cut the price in half overnight, (low .30s) an annoucement of a 3B/4B farm out with 1-2 carried wells should easily bring this back to the .40s, so not to much downside.
With an upside north of $2,00 on success, the odds imo are in our favour. 25-35% loss vs 300-400% gain, with a greater then 50% chance of success!!! (37% and 34%, we are getting two rolls on this one drill with a bonus 32% drill if either of the first two come in!).
The beauty of Eco right now, they are not a 1 trick pony. Lots coming down the line over the next 18 months to help the price recover on a failure.
Good luck to everyone holding, next week should be an exciting one!!!