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Group: Oil and Gas Discussion BB
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OJ I am surprised that it is just a trade for you. It reminds me of CEN about a year and a half ago. Had run into some bad luck, listed on the Venture, totally ignored by the market. However, things did turn around and those that held (with your encouragement) reaped very good rewards.
Drilling in Indonesia could be very challenging. Niko resources just abandoned drilling one of their wells after having run into some technical difficulties. However, the rewards could be very good. The historical success ratio in the area currently drilling is 50% and we now know the secondary zone has gas. It looks to me that it deserves more than being just a trade.
