Its almost as if someone in the marketplace gets this information before it even becomes available to shareholders ... again.
Still, if its information considered to materially affect the Company's share price, then the BOD are obliged to announce it. No announcement today.
All you can do is appreciate that all commodity producers come with considerable risk.
The Oil price still means that we're grossing over 5x for our Brent product (Brazil) over costs and over 7x for our WTI product (GOM) over costs.
The resource is still there, extraction is just taking longer than planned. I'm cool with that.
Groan.
Strap in. Lift off., page-144
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