Post by
taal on Aug 25, 2022 10:30am
Re Stark
I think we all give DeAlba and Fronterra very little credit..They may be greedy, corrupt but I doubt very much that they are inept especially with the team they are surrounded with. The only analogy I can think of is this.... Let's say you own a large piece of property that is zoned rural and down the street there is a new commercial development being built....You own 10 acres...Rural land sells for $100,000 an acre...So you are approached by several large Developers who are interested in buying your land ..but because it is still zoned rural and there is a possibility that your municipality may Not rezone your property you are offered say $150,000 per acre..But you make the decision to go ahead and apply for rezoning based on development down the road and knowing that if you do obtain the new zoning your land value is worth minimum $500,000 an acre...Why leave money on the table... I think Cgx ..Fronterra know much more than whats been revealed and feel that the odds must be Well in thier favor... Thank God they have the monies to drill if not we would get very little for what most likely could be a very lucrative play.... Glta...
Comment by
Rapsani on Aug 25, 2022 11:47am
Nice analogy taal. And agree that we actually have the money to drill this one, which also means, we are still alive (on life support) if we don't hit commercial source.