Re: PP of $5+
in response to
by
posted on
Mar 01, 2010 08:07PM
(Edit this message through the "fast facts" section)
Hi Brym,
"Having disagreements is a good thing, means you get to see multiple views. The better informed we are, the better investors we are and the more money we make. :)" This is the reason why this is such a great board......disagreements done in a civil,intelligent way!
I believe one of the biggest differences between Oilexco and QEC and likely a great contributer to Oilexco's downfall was the fact that Oilexco was run by an explorer( Mulholland sure could find lots of oil...everything after that he sucked at!) and QEC by an accountant where we witness everything being done very methodically.
Another option for QEC is likely considering is bringing in another partner that would pay for all the drill activities for a piece of the action similar to the Chesapeake Statoil deal. Not up to the exact details but hi-lites of the deal see Statoil paying $3.37 billion for a 32.5% interest in Chesapeake's Marcellus play.
If we need another PP next year diluting us another 10-15% would that so bad?? I expect by then the play to be proven and share price to be in the double digits.
30million sharesX$10-$15=$300-$450million.......I'm OK with that!
I imagine the amount of options are mind boggling. The one thing I am very confident about is that Binnion will lead us down the best path.
Mikee