Chilam ... try not waiting for results . Odds of a good...

Chilam ... try not waiting for results . Odds of a good commercial find are slim (5-8%) depending on which stats u believe. Find a good oiler , get in month or two pre spud and make sure no CR is needed ! Then sell half on the hype of post spud and 30-40% soon after just before any bad news can come . I sometimes hold 10 % or 30 % of PROFITS all the way depending on news . If you buyand hold oilers from start to finish you will go broke according to thenumbers , no matter how much u know about oil fraccing etc .Hope this helps in future.


imo , not investment advice