TODAY'S DISCOVERY, TOMORROW'S FUTURE

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Message: Re: Drilling Costs - yes, that add up

Apr 10, 2008 03:31PM

Apr 10, 2008 05:39PM

Lets spend the money(wisely), 10M or 20 M, so be it. Lets not forget that with a market cap of 250M, the carrying cost for us shareholders is also in the same ball park.

I suspect though that the limitation is avialability of good equipment and good people. It is no point of wasting resources on sub-par stuff which you can't trust and only gives you headaches.

One important aspect of this $ talk is that it clearly shows that we can't do everything all the time. Personally I am happy they still are extending land holdings as well as pushing the efforts at Hecules. The other properties should in my oppinion be a little on the back burners not to blow all people resources in addition to money too quickly. Hercules needs at least 2 more years of extensive work

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Apr 11, 2008 10:45AM

Apr 11, 2008 11:29AM

Apr 11, 2008 02:28PM
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Apr 11, 2008 08:57PM
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