sle hold 100% they will FO..they wouldn't go it alone..look at lewino 100% sle they are in talks!....Albania 100% looking at FO..onshore morocco..looking at FO/partners..thats all onshore morocco!..scincy/Permian/rogity have all gone the same..its what sle will do farm it out and keep a decent %....and fingers crossed!!..they have had their fair share of setbacks lets hope all is about to change with this new well and news of pnr drill and test rawicz!!....
penrod...only you would talk about benders!!!!(drink obviously)..links
I'd love a D or and E or blooming anything to get this SP heading north at a rapid speed. Truth is non of us have a clue what is around the corner, including Mr. Fanning. Thats the nature of the exploration game. So I am keeping my mind open to any and all possibilities I can think of, not just the potential positive outcomes. I am very happy to have sold a huge part of my holding bit by bit over the years. The losses have been small in comparison to what they would be today, and at this price,if anything positive was to happen it is easy to set the machine to buy for me on the way up.
If we find commercial oil/gas, in a licence we hold 100% of, we still cant afford to do anything with it on our own and will be down to a 10-20%ownership, and thats if we can find someone to help us out. Tony Hayward didn't care for this little fish of a company. £20 million is petty cash to him.
We have languished too long, the market for oil is currently poor, and over supply of gas is happening, the Polish government have been fools and shot themselves in the heels they have been dragging.
I am hopeful, but not as hopeful as three years ago as there has been nothing but disappointment with every project so far, and time has ticked all the money away .... again.
Mr. Fanning may well be the last man standing, Like General Custer. But who knows what world events and politics will turn up, and who knows what technology is around that corner that will help unlock the difficult Polish geology?
OK So dd is a poster on ii, from what I see he's someone who your always in conflict with and among other things you call him a whiner.....If you are suggesting that my reply to Sid was whining, you are 100% wrong. Infact it was just the opposite.....So I'm still at a loss to understand the meaning of your post.
Why can i not get away from the thought that there is a lot of potential truth in the speculation you make here! Given the long-term potential of a number of SLE's plays, it would be no great surprise when we look back in 5 years time at how this played out to find the big investors made a fortune but the small private investors were squeezed out before SLE mark 2 took off!
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