I'm sorry to say but staying for the full 60 days doesn't it's good or bad. A drillship will always go to TD unless major problems occur. Some time ago a drill in deepsea took much longer than expected(despite one of the best drillshipss at that time)Some people were convinced that was good news and the DS was drilling deeper. At the end we've learned that there was a major gas explosion due to the much higher pressure than expected and long repairs had to be done.That is just one excample of why it can take longer. As long there's no info released we have to guess, even if it takes longer. I for one would like to see some kind of drilling update from the Company so we know how things are proceeding.I'm invested in oil exploration companies since 2001 and learned that things can go both ways. A good friend of mine (who had his own drilling tower and is now retired) told me once "Nothing in drilling for oil goes as planned and on schedule" Cheers T
PCL Price at posting:
4.1¢ Sentiment: Hold Disclosure: Held
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