STA, with all due respect, the last person I would expect to see on the IFNY message board is a "savy investor". I hope you all have bet the farm on HK. You can't go wrong with Floyd and his guys. WLL is also looking very strong in the Bakken and Niobrara.
with all due respect OXY sux. It's only reason for existence is to pay exorbitant salaries to incompetent CEOs. OXY doesn't even know what it wants to be yet - a domestic or foreign company. Buy WLL and HK and you won't regret it. Buy OXY and watch the CEO give himself a $100 million bonus.
The truth is that Wilbur and his buds will break about even and everyone else will lose their shirts and Miller will have escaped unscathed except for making it very difficult for him to do another big deal, like Aubrey is doing now.
If Miller "really pulled as fast one on him" why is Miller no longer the CEO and making millions per year from salary and unnecessary bonuses? Looks to me like its the other way around. And, one way or another, Wilbur and his hedge fund pals will come out smelling like a rose at the expense of everyone else.
Gee, what was your first clue that the well was unsuccessful. They announced in the initial announcement that the well was being PERMANENTLY plugged. Wasn't that clear enough. It was just like every other dry hole that's ever been drilled - a geological success but a commercial failure. NBL has bigger fish to fry than Nic. They are drilling overseas (Israel) The US (Colorado, Deep GOM and Nevada) and just started talks with Mexico about earning some acreage under the new Mexican laws. So, I wouldn't depend on NBL to prove up IFNY's acreage in the near future. GLTA and Happy Holidays