The upshot

[admin]

All the terrible things the shorts argue that would happen keep on not happening (wells imploding, nationalization, running out of cash etc. etc.), while all the good things the longs argue would happen and the shorts argue wouldn't happen (gas discoveries, reefs, resource vetting, analyst coverage, govt approval, etc. etc.), have happened, albeit with delay, sometimes significant delay, but not always the company's fault.

Is there any reason to think that basically the last thing that has to happen, an E/A part selldown at reasonable price, wouldn't happen? Especially when one considers the resource characteristics, it's location, and compare it with the competition, and consider the market circumstances?

I've seen this for seven years and I can't possibly fathom why these shorts have any credibility whatsoever. The few smart shorts, like Andy Left and Ross Smith Energy Consulting knew that their game was up after Antelope1 hit the reef and we never heard from them again.

[Spartina]

Agree stp, it's funny how a particle the size of a pin head can change things so dramatically. If that small clot hadn't devloped in Somare's heart, Shell would never have had the opportunity they did, and we would have been that much further along. It's hard to fathom why ioc will not accopmplish all their goals now and then some. I believe T3 is going to be huge.

[sageo]

Spartina- Thanks for your belief in T3 !  I believe PRE did not  fully realize when they bought into " the whole enchilada " of ppl 237 instead of just  the Triceratops field, that they were getting in on the ground floor of a "diamond-in-rough". The ppl 237 has many ,many prospects which could turn out to be very productive . GLT all of  our BOBs !!