I think you have a great point about rig mobilization linking to the divi payment date. I even note members on the Otto bulletin board paying attention here. therefore i suspect a good amount of cash will find its way here once to 70 million $ is paid out....your a genius :-)
Spot on Macminchus! This is not a one trick pony by any means and Cinco is the bigger target! IMO, even if no oil discovery this will not touch this sp again as either of two things will happen, Shell look to get involved or we follow up and drill Cinco using the venturer. Current climate is the cheapest anybody will drill a deepwater well so makes commercial sense.
I keep on trying to ascertain the downside risk in this stock. This as far as I can see this has massive potential but I keep on thinking what happens if they don't hit oil. there seems a likely hood (I could be wrong) that gas is present in the hawkeye drill. So if they find the "gas cap" early in the drill but go on to find no oil. Surly with the follow up prospects of cinco and malampaya the share price should not retract back to the 2p mark???? so the 1 in 3 chance which is being quoted is for oil. what about the chances of finding either gas or oil?
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