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Do you know how far our smallish bank account will go in the...

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buddy134

23,467 Posts.

110

02/01/15

10:06

Post #: 14526946
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Originally posted by watchtheeyes ↑

What does it matter that their share price is the same as ours? To me this is opportunistic on our part in that its taking advantage of a multi-year low oil price.

I've been saying for a while that it would be good for a STO or someone to farm in, but.. then they hold all the cards. This way we're still in control, pick up another prospective asset OUTSIDE of Aus and particularly NSW and don't take on an enormous amount of near term risk.

Think people are overplaying the pessimism a little bit given the company we are. We're nothing. A bank account. Now we have something.

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Do you know how far our smallish bank account will go in the USA, especially after conversion of our cash funds from $AUD to $USD.??

Not very far I may add.

I might be wrong here and I hope I am, but, IMHO, it appears to me that we are clutching at straws here.

And don't forget to have a good and serious look at when they are intending to start oil production in the USA too. How are we going to survive until then.???

dyor!!!

ELK Price at posting: 3.6¢ Sentiment: None Disclosure: Not Held

MEL Price at posting: 4.5¢ Sentiment: None Disclosure: Held
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