Welcome To The Energulf Oil Resources HUB On AGORACOM

Edit this title from the Fast Facts Section

Free
Message: painfully waiting

painfully waiting

posted on Jul 22, 2008 04:42PM

I don't understand the reasoning behind this "tight - hole" concept. Why does the Namibian Gov't want this kept a secret? Wouldn't it be better to NR if they've hit some kind of hydrocarbons (if large) at the 4500m level, and encourage investment in the company's involved. Then keep drilling to 5500m. Or is the whole concept a protectionist move so as to allow for a big move up in the SP before a major steps into the picture? Sorry if all this sounds a bit far fetched but I like many of the others on this forum am getting a little impatient. I bought in at the $2.33 range and have held for a long time now. Its time for a big payoff now. Still Long. GLTA. A

1
Jul 22, 2008 06:11PM
Share
New Message
Please login to post a reply