+- ShareholdersUnite Forums (http://shareholdersunite.com/mybb)
+-- Forum: Companies (http://shareholdersunite.com/mybb/forumdisplay.php?fid=1)
+--- Forum: InterOil Forum (http://shareholdersunite.com/mybb/forumdisplay.php?fid=4)
+--- Thread: Update of status (/showthread.php?tid=7028)
RE: Update of status - jft310 - 07-10-2014
Whining makes the drill bit turn faster. ..
RE: Update of status - admin - 07-10-2014
["These are high risk, high payoff projects. They are risky because there are so many unknowns, all unpleasant, that come along as drilling progresses. The things that go wrong are not predicitable, and any estimates made in advance can only assume the things that are known. It is never management's fault when unpredictable events happen, and investors that get upset when things do go wrong and schedules stretch out might want to consider less risky investments. Harping on management in this situation is simply useless."]
Well said, Blue Water.
RE: Update of status - SamAdams - 07-10-2014
I don't disagree but questioning management on their own timelines is not whining. Some here think you have to take new or o,d management verbatim and never ask a simp,e question. But staying in the present, MH said late April/ early May for Wahoo. Stuff happens, we get that. So what happened Mike? Listen, be patient. OK, I guess but some of us want to know what surprised them. They could simply say we underestimated how thought the shale was. But that's not what they are saying or said on the roadshow. Not the end of the world, but reasonable people can ask reasonable questions. Did you rush the spud on Wahoo for lease retention purposes? If so, why give such an optimistic timeline? If not, what surprised you making the drilling more difficult? They've known about Wahoo for a long time. Why talk about oil when they are only shows on the raptor trend? Isn't thAt premature? I don't think that's whining. I think that's actively following a company. Being a long term investor doesn't mean you have to be a zombie.
RE: Update of status - admin - 07-10-2014
Yes, it doesn't mean we can't ask reasonable questions. No problem with that, certainly not here.