We all have our gripes but this is not a short ter
Post# of 39368
We all have our gripes but this is not a short term investment so I'm still waiting. You know as well as anyone the amount of capitol it takes to drill a well and then the percentages of hitting a keeper. I agree that they should have more success by now but they jumped into Belize with all guns ablazing and that cost them much money. Then they drill a few domestic wells last year without success of any reasonable BPD and that cost them much money. Then they get smart and hire a 3rd party driller but I'm not sure how the pertains to "locating a producible well" vs just drilling it. IMO they need better analysis and geology before they can determine where the best location is to drill. We don't hear much about any analysis. They lease this land and that land and drill and then don't produce; rinse and repeat. They need 200 BPD asap.