Grayhairs, since some of your notes are directed in my direction in your response to Teevee, I have the following comments.
Depending on the game that the TKE participants are playing, it is possible to try and throw the "dogs off the trail". The question is whether the key players would be forthright and state that they have an "uneconomic well" or that they have a technical release which tells investors enough to be able to ascertain that they actually have something of significance. (Many years ago, some companies performed "closed chamber drill stem tests" to avoid letting the story out of the bag. However, this also screwed up test results and interpretation of those results and many GOOD wells were deemed uneconomic and abandoned simply because a closed chamber test is not, in itself, a very good test)
The only way investors can understand the release, it to understand its meaning from a technical perspective.
On the Bearcat thread, you indicated that you are totally out of the play (sold all your shares) because you could not see anything from the releases or from your knowledge of the play that would entice you to remain a shareholder. However, you indicated that even though you were no longer a shareholder, you would still hang around and comment on the thread. Hmmm... interesting, ... I think I remember you attacking me for commenting on this thread while not being a shareholder? A bit hypocritical? That's ok, I forgive you.
Yes, I will wait for more news because if this play turns out to be a success, it is of such magnitude for such a small company like TKE, that there will be opportunity to buy in and make large returns. Perhaps not at todays prices, but there will be opportunity. Also, the chart will show accumulation and a rising share price on LOW VOLUMES before the news.
PS: good description of DST and reservoir evaluation on the Bearcat thread by yourself.
mike |
