GDN 0.00% 1.7¢ golden state resources limited

re: Ann: Completion rig onsite to commence te... Yep, that...

  1. 331 Posts.
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    re: Ann: Completion rig onsite to commence te... Yep, that bottom zone could be a cracker if they can get the equipment down there.

    I was certainly surprised to see that the rig had been moved off site. This is the kind of thing that makes me a little nervous to be honest. The lack of explanation could easily start a new round of consipracy theories...

    I'll give one theory a bash though: They have moved the rig because PB3 looks so good they don't need to immediately work over PB1. Instead, they can move it to PB2 rework that, whilst simultaneously putting PB3 into production. In other words, it was only ever a contingency for a failure in PB3 - a contingency that is no longer required.

    Thoughts?

    Anyway, let's hope we don't have to wait long longer than the quarterly activities report for an explanation on that one.

    Cheers,

    -Disco

 
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