RE: Drilling Risk23 Dec 2022 15:19
20 yrs investing experience, last 12 years also punting on weaner oilers. The betting (for that is what this is) focused primarily on making profits from calling placings, takeovers, unitisation agreements and trying to identify management teams with intelligence, probity and ethics towards their share holders: not easy to find.
For you it is simple, you want someone to drill an expensive hole while you keep your wee legs crossed and your trousers dry in the hope that Mother Earth burps up some money for you.
You have as much chance of making money on E and P as training your Daschhound to fly a helicopter.