I can't say my research was 'extensive', gerkin, but I had the same idea about the ground... I still cling to the hope I was right.
The report from the 2nd of September looked good on the 2nd of September, but we've had a lot of bad news since then and no good news. The report assumed we'd get a good result from the second well rather than a dismal one, and we still don't even have an idea of what was wrong (we can assume it wasn't what they were thinking, since they didn't manage to fix it - I'm sure we'd have heard all about it if the well was gushing like mad). The report put heavy emphasis on PYM being a risky buy, and things haven't exactly gone well since then.
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