Club Mulgoa

Tuesday, August 23, 2011

TPT

Suddenly, in the midst of tumbling stock markets, this one is turning up like a rocket. Why? I have no explanation. But if it is because of inside information about its drilling success, then it is foul play. Unfortunately, most offshore drilling results are disappointing even when surrounded by successful oil discoveries. I have been though a few now. Still waiting for one huge gusher... you only need one successful big one out of many. My most optimistic one was in Sydney Basin which turned out to be non-hydrocarbon. Next is in Georgia, then off Kenya and finally off Namibia.

Perhaps, Central Australia is a better hope. Just ask the USA government!

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