Club Mulgoa

Thursday, October 13, 2011

RRSO

Wonder why some investors sell when the results of drilling are coming out. Of course, it can be abject failures with no hydrocarbon discovered. Then share price will plunge. Most drilling activities are failures. But why conduct seismic studies if ALL are failures. When it is a successful hit, then it can be spectacular if it confirms or exceeds expectations.

At a low bid for some time now, I have another top-up of RRSO at 9c. With recent downturn of markets and price of oil and gas, RRSO has been drifting downwards. I love to top up when stocks are dumped. But tomorrow, if it announces that nothing was found in Georgia, then I have to retire from my profession later.

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