RE: RE DEMPSEY FRAC21 Jan 2018 16:29
Why did you buy into this company Blocker2, was it off the back of the hyped gas plays in Sacremento? If it was, then yes I suggest you sell up and cut your losses. if it because EME have major oil to unlock in China and a 10% stake in Duyong then I would look at this through a clearer lens and stay, this is where the value in the company is, (mainly China) the oil!! If EME/SGC can get this gas flowing, great and IMHO I think this frac will produce what we are after for Dempsey . Also we have the much larger Alvares well which is more than likely to containa lot more gas then Dempsey, on par with Tulainyo. This company is by no means done, remain patient and you will be rewarded! Don’t jump when others do, that’s how you lose your money in his game, patience is a virtue!