RE: Twitter17 Feb 2019 07:05
Anthony ffs I am not trying to bring this down.
Wtgr I have over 25 yrs experience working in e&p.
Even when we get the farm downs our best prospect has a less than 1 in 3 chance of success, let alone commercial success.
That means the chances are it will be dry and even if discovery potentially sub commercial.
That is being realistic.
You buy these promote companies expecting them to fail. That is the norm. Anything more is a bonus.
I am not trying to " bring it down". It is a realistic assessment.
However saying that, if these are farmed down obviously a much larger company is willing to make such a bet as part of their respective risk based portfolio of drilling prospects which obviously brings EOG nearer to a potentially company making discovery.
're the stopped clock right twice a day. That is literally it. EOG have so much acreage that I also thought maybe some of it is successful through luck more than anything else. Ie bag as much acreage as possible and some one will have faith?
I bought these as a bet and hopefully thatvwill come good.
As I say there I say there is way way too much emotion on here and (again) hopefully Monday will allow me and others to leave this bb "in peace" forever, lol.