Post by
LittleJohn83 on Feb 17, 2013 4:56am
They found shale deposits in previous wells !
Why do people need to be spoon fed information. Don't you read the company's past news on wells? They will Frac one of the germain wells. Their share price will go up. If results are good then they can continue exploratory wells after they do a financing. The point should be - 1.4 million is a very, very cheap well and was done to test that area as per their joint venture obligations to keep their contract for mineral rights. They paid for a positive exposure press blitz. Yes. So far I have lost money due to jumping on that bandwagon. However the company never made any bold proclamation about expecting good things from this latest well. They have made such statements about anticipated Fracing on the well they drilled last year! Do you Debbie downers have any idea what the share price will be if Fracing results are good/great? I would speculate well above the teens, most likely higher then the 52 week current high of .32/share. Now criticize away, but what good does it do? The share price is already in overreacted territory. Now is the time for buying! I should have waited till now, but I expected results on par with last years well, which would have left us in a very different price range today. Boo hoo for me. I can wait for them to Frac as they said they would. Keep in mind the huge block of Buys for .035. Some group knows what a steal that is!
Comment by
horizontalfrac on Feb 17, 2013 4:25pm
3 the turkish gov releases data from previous work done thruout the licencses to companies that have shown the committment . This will improve success rates and give them what they want oil. If anything u see hear is wrong feel free to correct me>
Comment by
Mark101 on Feb 17, 2013 5:24pm
Horizontalfrac thanks for clearing things up, at 4 cents I think this is a good entry point but also a very high risk penny venture, do your own DD.