In order to further illustrate the fact that maybe the "not held/sell' support
group maybe being a little unfair.To be sure, Texas was a bad deal in the end...
and any "minority' partner in the "shale " drilling environment will soon
find out you need deep pockets..as AKK found out..Today if AKK had of
maintained it"s Texas position the scenario would be each well may have cost
it at least $1,000,000..and if successfull would require around at least a
production rate of 400bls/day..to cover costs ..and even then AKK would
only have received 30% of revenue...bad deal in low oil price environment..
Current....100% ownership of revenue,modest drill costs etc.,proven
adjoining field development..of course there are risks..but I think
stock worth another chance..
Cheers
FPL Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held