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Gold/Mining/Energy : Tusk Energy (TKE) -- Ignore unavailable to you. Want to Upgrade?


To: grayhairs who wrote (440)5/12/1998 12:48:00 PM
From: saif  Read Replies (1) | Respond to of 1207
 
Hi grayhair, are you talking to me, I guess my english is not helping me here, I am in total agreement with you, and with oil exploration I go all the way to the test results.

Some believe that 10% success chances in exploratory wells is too low and very risky. If oil companies think the same way we will not have fuel at the gas stations in few years. It is the only way to replace reserves and it is part of the price we pay at the gas station.

Oil companies like Exxon, Mobil , Shell ...... etc are not in the gambling business, there is no casino that gives 10% chances.
and when it comes to the Strachan I can smell something there, and I guess the market is doing the same.

Omer