Post by
PINK-i on May 11, 2011 4:27am
Broke Broke Broke
EWD is outa cash flow guys and Ubuntu-1 is useless to them. Its just a hole in the ground in the middle of the jungle. They need at least 100 million to do anything with that well and even if they get 100 million, there are no rigs or service rigs available to them in Papua New Guinea for the next 18 months. We'll all be switched to solar and lithium before EWD makes a profit. They only people who made any money with EWD are the helicopter companies flying the rig and supplies. If your going to hold now, your holding till 2014