PRM 0.00% 0.6¢ prominence energy limited

Sasanof-1 Target Depth Week Stream, page-4

  1. 1,917 Posts.
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    That was really a great listen Bhutos, so much more information than you can ever get from announcements and even other reading material.

    Its been easy to get worried in the last week or so because of the price action. Its important for investors to understand the likely reasons behind it arent really connected to the opportunity, its more driven by the push to de-risk peoples holding in the opportunity.

    It is disconcerting though when you see directors de-risking on the day of Spud over at GLV, but when you rationalise it to there position as investors as well as directors it becomes marginally more understandable, (that doesn't mean I'm happy about it though )

    Drilling 2.5klm deep under 1klm of water certainly has risks but this is a well planned out play in a known area with high previous success rate. In addition we've got one of the best drill teams with the Valaris, mountains of data and seismic which point to it being one of the top 20 most impactful drills this year globally which is huge and now over 50mil of capital committed to it.

    No one wants this to not achieve (not that that's always a guarantee of success) but people should have confidence in a wide range of factors and inputs into this programme.

    GLTAH, look forward to a great near term announcement (crosses fingers )
 
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