My view on the Paradox Basin project is still the same.
Timelines costings and progress depends on the administration in charge of Government.
Under the previous administration, application process was quicker, costings was much lower, and far less paperwork was needed.
Management has made some changes to the drilling program, but the bulk of the slower progress is to do with the change of the regulatory approval process and longer timelines for environmental regulatory studies and administration approval process under the current governmental administration.
The slower progress at the Paradox Basin project has very little to do with management, they have done very well in keeping costings down and making changes in the drilling program to keep costings down and get more upside value out of such changes for shareholders.
ASN Price at posting:
13.8¢ Sentiment: Buy Disclosure: Held
