GREY:ROAOF - Post by User
Post by
Piranha7on May 18, 2004 3:58am
263 Views
Post# 7499481
LSE is dead
LSE is deadit seems they haven't read the report yet....or they are still reading it really carefully before any reaction.....so far what i've read is very encourging and positive becuase a lot of what was vague before now is clear especially with the locations of the wells but what astonishes me is that they knew all along that they have a stratigraphic trap with little if any closure at all:
"Seismic techniques completed by Ikon Science suggested that an extensive Paleocene-age meandering sand body with a large “oil effect” anomaly could be mapped within Block 15/25b. This “oil effect” anomaly suggested hydrocarbons were present within the Paleocene channel sands that had little, if any, structural closure and, therefore, suggested stratigraphic trapping conditions."
anyways i agree that we may be a target for a takeover before production starts, but i doubt that it will be aggressive due to the fact of how the shares are distributed....CC better take off the leash soon off our little beast (OIL) if they want to get a good return on their investment....cause at this low price.....sharks of all kinds (white, yiger, hammerhead, etc.) are closer to us than what we might think. Good luck to all.