If there is to be Walyering gas by end of March then some events need to happen in the next six weeks. — Set up construction site. — Civil works and concrete platform — Major vessel erection and associated piping. — Power and automation/control wiring — Complete workover of holes — Testing. Auditing. Assume some contractual, legal and regulatory steps.
Seems very tight to me.
If the project plan cannot be compressed any further (let's say the project plan is 8 weeks long) then the operator needs to inform the market their recent statements of gas by Q1 is no longer valid. I anticipate a project delay notice soon, due to "regulatory delays beyond the control of the operator".
TPD Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held