All understandable comments given the delays. I am not a trader...

All understandable comments given the delays. I am not a trader and am simply holding.

Personally I think SpiderMonkey's post was useful. If the flow rate is even half decent, then this will be a company maker given the relatively low drilling cost, the pipeline of approved wells and the assumed ability to scale up the operation through drilling and tie in to production.

His fixed cost estimate comes up quickly if you try to do some numbers but if they end up short of cash and the flow rate is there I wont be too concerned and would be happy to contribute more capital to accelerate the growth. There will be a whole discussion at some point about a capital light vs heavy development path but it is not worth discussing now until we see the results of the drill.

I think Spider is right to keep pointing to the uncertainty about the flow rate because it is a key parameter for any valuation or planning purposes but we don't really have any guidance from management on what expectations are reasonable.

Happy to discuss further but this probably isn't the right thread.