So GDN management are different this time....lets see now:-
1) gear failure just before target depth.... no change at all 2) unexplained slowing down of progress just as target depth gets approached.... no change at all 3) drilling progress not matching seismic expectations... we have gone from things being a few hundred feet higher than expected to Ismay not reached yet with 165ft to go 4) no gas readings this time at all....oh dear 5) a cynic would indeed suggest that such 'delays' allow insiders to get out.... or in.
Be careful - parties could indeed be desiring to get in more cheaply.
Hopefully no one really believes that the drilling gear always fails just in front of the target depth.
Blastoff
GDN Price at posting:
12.2¢ Sentiment: None Disclosure: Held