I have not been on this site for sime time. Not much to say.
Things are going to be heating up soon, so I may now get back on more often on HC. I have been holding this stock now for over 1 year and very happy to do so. Malalos is extremely promising. Like the replies before. They have not hit the resevoir yet and oil is seeping through. Dont forget the gas resevoirs which will provide local organisations power.
The amazing potential is Jacob 1. If the data and sceismics are accurate (which they appear to be) there is potential for 50,000,000 barrells of oil. Do the sums at approx $105 per barrel (approx current price)
Not sure what the stock price will be if data is accurate with results in the field. May possibly even reach over $5.00 per share. Hard to believe, but possible.
Like I said before, patience is virtue. I've held stocks before for over 2 years for 100% - 3000% returns. Easier said than done.
All I know you would be crazy to sell now when they are so close. We should see positive results within the next 3 - 6 months.
As for me, I have been continuing to buy more for the last 4 months and topping up the GGX portfolio.
GGX Price at posting:
4.6¢ Sentiment: Hold Disclosure: Held