been thinking again, page-15

IMO,

CEL became operator.

The other operator, not having a drill with CEL, would have offered the drill slot, to another company, one probably using them as the operator.

remember that is most cases, u get an operator, the operator will contract the rig. Sometimes, rig owners opt to be operators. No set rule in Texas.

But with CEL, the plan changed and IMO for the better.

Maybe not for the better LOL, depends on the success of the TC.

At least CEL have a good exchange rate against the US $ ATM.

The market gave a thrashing to CEL for the delay.

But IMO, the sell off was not a major one, a few weak hands, probably the DT that were going to trade it and they come with no patients attached. We even saw a recovery LOL as the day went on. I cant see any fundamental changes to the ultimate success or failure of TC because of this delay.

But if it does give better clarity and a firmer grip to CEL then that is a good thing IMO for all SH.