🚀 go-pugleaf

Due to Novoco offices being inundated with private emails requesting
clarification on the previous post of the 1.5 Billion barrels of oil
recoverable structure near Hibernia, we are issuing this news
clarification.

1) This news is of no benefit to small stock investors because:
i) It will probably be over 7 years from now before the well will be
drilled due to:
a) The time remaining for oil companies to study the data package, place
sealed bids, and to win that bid,
b) The industry standard of only performing seismic surveys as part of
their bid package,
c) The time period for the licence extension to drill the prospect.
ii) The oil industry practice of distributing risk between companies will
likewise disperse the structures profitable ownership.
iii) Each participants share in the $30 Billion structure will not make too
large an improvement in the explorers share value because these are amongst
the richest oil companies on earth.

2) Therefor profitable speculative investment in possible winners of this
block is too prolonged, diluted, and still uncertain to be preferable over
other stock investment opportunities.

3) The information presented is of principle interest to oil explorers who
may want to easily outbid a seismic package with the inevitable exploration
well in the first phase of exploration. The time difference is just a
couple of years, and the cost of the well is less than the cash paid to
merely purchase the right to explore some Gulf of Mexico blocks.

4) For small investors to benefit, and to avoid being besieged with emails,
we will hereafter post the winners of the Newfoundland Atlantic exploration
block, and advise the time range within which an exploration well would be
required.

Thank-you for your interest
WRS Novoco President

Review the prospect and other related pages at
http://www.avalon.nf.ca/~incaoil/nfecpros.htm