GREY:ROAOF - Post by User
Post by
kraftdinneron Feb 12, 2004 11:00pm
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Post# 7051691
Well I'm In
Well I'm InGot filled this morning at 2.00 even. Probably would have bought at a higher price on the open except I slept in. I first looked at this stock when it broke out to 2.25, but had to wait a bit due to lack of funds and then well it took off on me and I wasn't going to chase it. I've only got gambling money in this, but this play isn't nearly over.
Anyways, its my understanding that this second well is an entirely different structure, on trend, with the structure of the first well. Don't worry about sidetracking being good or bad, its almost a routine thing on these wildcats as your already down the hole, you've just gotten new downhole wireline logs, so why not try to get a sweeter spot as its cheaper than drilling a whole new well.
How long I stay in this stock hasn't been determined yet, but I like the entry price.
KD