Unfortunately it's annoying that the drilling has been slow going and it's been an ongoing thing in most of the wells drilled in block 9 so far. It shows that the geology is difficult, imagine drilling a hole through fractured strata with pockets of pressure and needing to manage the well so that pressure is equalised between the drilling mud and formation pressures. This would be difficult and the fact is the people working on the rig have to do this knowing their lives are on the line.
As shareholders we accept the risk and that the upside justifies the risk taken. My advice is to ask the question to management on the webinar and to see if Duncan or AP can explain specific drilling conditions better.
Hope you all have a good Easter.
best of luck holders
MAY Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
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