RE: Time to Top Up30 Jan 2020 21:32
Ok, I'm relatively new to this share, but the banter so far has been entertaining.
Seriously though, it's been a bad market today (and probably be again tomorrow).
My reasoning is the 'doom gloomers', Brexit looms tomorrow and the world is going to end, recession becons, the market's will crash and everyone will lose their savings... if you believe the BBC.
However, on the back of that, the last couple of days I've been topping up and reducing my average.
Back to my point (reason to post).
I can't believe my luck, stumbling across this company....Reason to be cheerful..part 1:
1. Survey vessel ready and waiting.
2. Drilling rig in locality - Competent, professional outfit.
3. Only 48m (max water depth) -no need for expensive ROV/DSV vessels for potential well intervention , (bubble heads) air divers could be utilised.
4. Only 2000m drill depth to 'pay-zone' (no HPHT wells).
5. Relatively stable government...ish..
6. Potential Chinese farm-in (JV) partner.
7. Oh...medium term..ish potential to pay-off mortgage and semi-retire. ;)
Happy days.!....What is there not to like?
ATB