I dunno Hops but don't be too hard on SH. I just read it for the first time in months. Sure there's some nonsense but there's some good stuff too.
What gets me is how the story has changed. A couple years ago it was simple. A few guys were standing around while a drill made hole hoping to hit gas. There was a little horsing around as to who had what BPO and APO but mostly it was an easy game to follow. A.G. Edwards made it extra easy with their reports. Big question was how many TCFs were in the barrel. Remember?
Unfortunately, the drill didn't hit as much gas as expected and there were water problems. So everyone shuffled around talking about restricted chokes, formation water, fracturing, and so forth. Things got trickier but it was manageable. Talk still related to gas in the ground and how to get it out.
Now apparently, they are into a new realm. Talk is of Occidental, Nahabedian, rights of first refusal, confidentiality agreements and so forth. So who or what is Nahabedian and should that name be capitalized or not? I've lost the page completely, Hops. It's all too much.
The situation is starting to remind me of the Winfield Ranch caper. I was never financially into it but thoroughly enjoyed reading their thread. They too had their problems and SI postings eventually became scarce. Some time ago, after a year's absence, I checked back on that thread for an update and learned those few remaining were talking about "The Case." Yep, it had become a legal play. No mention of gas or oil. Oddly, I found that humorous.
If I ever see the lads at KOB do another private placement for themselves, think I'll likely jump on board. Their last two were exquisitely timed. Otherwise, think I'll stay clear because at this moment in time, E.L.H. appears F.U.B.A.R. to me.
Regards,
Bob |
