Qdog, I am sorry that you have chosen to get a bit personal and I am also sorry that you got burned in 1992. To repeat what I said above...if the market can value a Triton at $320 million without a single hole being drilled then,
Can I ask one question about Triton; did they have other cash flow back then?
Also I think you better re-check with Trition about Colombia. According to many in BP that I met, they originally where looking for nat gas, as these are now some of the deepest oil wells on record. There is simply no evidence, at this time, in K-stan that there is oil and of what quanity. As I've said repeatedly, there could be more or there could be less. What was Triton estimates back in 1988 of their Colombia fields? What are they now that they drill wells? For the record here Faris, Occidental, in the Cano Limon Field drilled 15 dryholes before the 16th found oil. I start out not attempting to assinate anything, but simply to state real facts about everyones high expectations. There is simply nothing wrong with risking some money on this stock, but until they bring in the well it's pure speculation, with a higher probability that there may be something there than say in Maine. Depending on depths for these structures and formation, the cost of drilling can be expensive, upfront. They will have to kick in based on whatever percentage that ends. Also with partnerships, there will be presentation of drilling programs and reviews before the dart is thrown and they name that first location. |
