Just to clarify they have moved the location of Jesse 3 and therefore they have to apply for the permit again. On 8th June it was announced permitting was to take 60 to 70 days and so we are nearly halfway towards that.
We are broadly 3 months away from spudding Jesse 3 in my opinion.
Jesse 3 is the first item on the list and this is because it has the highest potential of success.
Going back into a well (J1 and J2) increases the completion risk.
They will also be trying to tie in with a rig supplier and rig contractors a deal across J1, J2 and J3 to lower costs.
I strongly believe GGE offers an excellent risk reward opportunity off a very low MC and SP.
Some patience is needed but although there will be a lead up nothing will happen for 3 months to trigger a significant change.
This is just my opinion and DYOR.
Just to clarify they have moved the location of Jesse 3 and...
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