Ok so nobody actual knows what is happening over there and the company is not saying anything, which is not unusual.
I thought that the rig was being released after A2, ` On completion the well will be tested, the rig released and continuous production commenced.' as from the last report and A3 is in preparations as a contingent well `Preparations for the contingent Amistad-3 production well are advanced with construction of the well pad having commenced and drilling permits in the final stages of approval.'
So, it could very well stand to reason that they haven't spudded A2 because the rig needed to be released early for another gas well whilst the minor technical challenges are overcome.
Good buying at 2.4/2.5 is very subjective at this stage.
MAY Price at posting:
2.4¢ Sentiment: Hold Disclosure: Held
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