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20/12/16
10:44
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Originally posted by Kit67
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Per announcement of 13.12.2016, the operations at RGN1 are planned to resume on Wednesday 28th December 2016 with the remainder of the completion and testing program to be complete around the middle of January 2017.
So after today we only have three more trading days until they mobilise the testing equipment and crew and commence testing the well.
IMO this will provide a "spud-esque" style rally, commencing 28.12 and running through until completion (and from there, it is anyone's guess). Volume on offer is very thin, and the next few days may present limited opportunities for anyone who wants to get on board (I suspect that it is now too late for anyone to commence accumulation, so now its just a case of sit back and watch).
Have a good Xmas all. See you on 28.12.
Kit.
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Hopefully the well is water tight and is not full of water when the crew restart operations.
Meanwhile I'm off to exciting times skiing on the North Slope in Alaska.