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heartastack

1,204 Posts.

84

11/01/18

08:17

Post #: 30213791
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Originally posted by MarketMouse ↑

There is a only a very, very small chance of a CR before well 2 is complete. News would have to take a big turn for the worse if they need a CR before the bottom of well 2. That is why they have taken a lengthy lay off - to preserve cash while we get new parts for the drill and address the well stability issues.

IF well 2 is a duster I would suggest a painful CR would be on the cards.
IF well 2 is a gusher I would suggest there will be that much interest from energy majors across the planet that want in that there would be no need for a CR anyway...

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Unfortunately your suggestions are just that, sound logic but complete speculation. Nothing wrong with that, of course. Hope it comes good. And yes, I don't give a flying one what happens if oil is struck. I simply care weather they can afford the stupid parts for this hunk of crap they call a drill and can proceed.

PRL Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
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Wow Very Promising Stock, page-23

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