BLVN Bowleven (oil and gas) - new to AIM

indian3 - the great buying opportunity is here and now....why wait until the results of this well are known? The only reason that the enterprise value (market cap - cash) is so low at the moment is because the institutions which were burned in the recent fund raising and most private clients have lost their bottle - just the time to capitalise upon an over-sold share. In all the years that i have known this company the risk/reward ratio has never been so attractive. 25% downside against £10+ upside on the company finding anywhere near the 2.5tcf of gas or promised volumes of condensate. I can understand nervous punters selling at £3.6 (40% downside on dry well), but at £2.85 its just plain amateur.