pressure released, page-20

elfilio25

Yes for me it seems that 1 in 10 is way too optimistic as well. Not keeping count but seems a long time since I've had a win.
We were not in too dissimilar position 2011 with the drilling of Gawain and Galahad in WA-362-P WA-363-P (OXX free carried), which I had great hopes for, possibly that it would open up a whole new gas province, much like I am hoping for Palta. Back then the SP got up over 60cents in the hype. Must note though that this was before the cash and share distributions, worth about 10c. How clever was Geoff to get that deadsh@t compay off OXX's books. Yip, sure is "Good to be Great", but I digress into another tragic on going slow moving train wreck.
Biggest thing is probably that the O & G market was a lot hotter then.
All ended in disappointment as we know.
Notwithstanding, the chance of success is undoubtedly a lot higher with our current drills with the SP at a third of the price.
For me I have a fair but at stake riding on the outcome of these three drills, and find myself moving to the edge of the chair as the days go by. Just imagine how much Geoff has at stake? My earlier blog urging caution was really aimed at "new comer day traders". For me I don't trade, in for better or worse, 10 years so far. OXX is a strange beast, it has always been off the radar and so thinly traded. Never really understood why it has not got a better following, and better press. Looking at the share market "depth" right now you would think that they had just announced a couple of dusters.
Don't really know why I an prattling on here with nothing to say. Pressure must be getting to me. And this is going to go on for weeks yet.
Still, Shell and Santos both didn't get to where they are today by being complete 'bunnies'. Lets hope that they have got these ones right.

But I like your theory elfilio25, by your reasoning we are going to get at 'hat trick'. Definitely you get a 'A' for maths in my book.

We dare to dream!