Re: this crisis might make our little mako even more important......
posted on
Jan 07, 2009 08:21AM
Developing large acreage positions of unconventional and conventional oil and gas resources
Luxembourg, I agree PR is always good, specially now. Falcon is an exploration play in transition. It will either become a producer or it will die. Mako will be worthless if Exxon walks out. No one would believe if FO says, "we can make it work, even if the XOM turned it down". So, this is one of the reasons for the share price being where it is. The uptick of the last few days is heavily due to Ukraine's and Russia's gas problems. It sends out market cap up or down a few millions, but it is not enough to make it a $1 or attract more smart money (of the plentiful kind that comes along with large volume). We need a good flow test for that or an endorsing statement from XOM regarding Mako. When may we know something concrete, is that in the Spring or Summer?. Even grass grows faster than this.
db