re: very risky for no proven oil reserves
hi beans
we've already said "this is high risk high reward"
i doubt i'll be holding this baby when the results are known.
if they hit the jackpot, i'll jump back in with my ears pinned back.
in the meantime, nothing unusal with a share price heading north prior too the commencement of drilling and during drilling..
regards
Subject very risky for no proven oil reserves Stock Code GBP - GLOBAL PETROLEUM LIMITED Posted 02/10/06 7:26:13 PM Posted by beans IP 58.7.xxx.xxx Hotcopper Radio GBP on BoardRoom Radio Post #1281860 - 6 reads In Reply to msg #1281441
Just some spooks going around as there is a 1:4 success rate for deep water drilling. Unproven ground so it is very risky!!!
GBP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held