“There is a scenario where we don’t see any hydrocarbon in the well at all, but we think that is pretty unlikely,” “At the best, if we have a stonking great oil leg below a gas cap we will probably move quickly to appraise it "
Whilst they have caused a bit of a drag the key drag has been lack of volume. Not all placees are selling, I know many that are looking for bigger gains than the 25% since placing. In addition the broker that I use is not advising anyone to sell, in fact he said 'I would be nuts' to sell now.
Having followed and been part of this share for the last two/three years, i have to say GB looks like he has really delivered here. This share has a tendency to catch people out and just catch fire just when you don't expect it to. Everyone has a different risk profile ....but this for me is well worth the pain if it comes good.
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