As someone who knows diddly squat about the workings of a gas well, I read the "Letter from the Chair" for some sort of guidance and clarity as to what is happening with SE.
What a lot of waffle and gobbledygook. A couple of paragraphs would have sufficed.
Anyway, I got the impression that SE has hit the wall with the possibility of no return.
I expect that those skilled in gas production got something, but I got nothing that I could work with.
Do we now scratch it from our calculations. The Mac report has already halved its field size.
For example, what of gobbledygook is a statement like "disappointing flow test results" with no clarification. Is it beyond improvement. Is SE a lost cause or what.
Opinions, please? J L.
Analyst Update, page-325
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