That is their philosophy and great philosphy at that. Saves my wealth from rapidly deteriorarting in the event of failures. Cornea being a known oil and gas field fits within the philosophy, but it does not mean it is a good acquisition. Albers needed money to help fund the drill so he tapped into OXX funds. Thanks to this piece of rubbish we now only have $23 million in the bank and a oil field where wells seem to be consistently filling with debris. This costs time and money. Thus the complications with the field. When and IF the JV gets Cornea to produce oil, you can enjoy saying I TOLD YOU SO! Until then enjoy the dud.
MOG Price at posting:
14.0¢ Sentiment: None Disclosure: Not Held
