Petro Rio S.A. HRTPF

BK musings

[landmann]

BK makes an interesting point today that I think most of us realize: defining the "commercial" aspects of a find are not always straightforward.  It could take  months to analyze the data, or even worse, necessitate the need for one or more additional wells to fully characterize a resource. 

For those thinking Wingat will be a yes/no, hold on, it might take time.  A duster is easy, but whether Wingat is good to go  might not be answered this month.

[Bob322]

BK also stated he was as much in the dark as we have been concerning MM and Wagner. In lieu of constructive guesses concerning the changes, BK says wait for tomorrow's conference call. One interesting note about the departures is that unlike most departing executives, their status on the BOD entities them to keep their options. Therefore, while they leave as employees, they have not forfeited