re: Ann: Completion rig onsite to commence te... TCF... sensing a little bit of financial restriction. Feel it's an all eggs in one basket ploy here, ie, PB3 HAS to produce gas revenue before drilling anymore. What finance they do have has to be spent on ensuring the most quality completion processes possible. Any stuff ups and its catch you later.
I know you strongly disagreed with my earlier post about GDN going down if PB3 did, but you do have to consider the possibility of what is next if this baby can't produce. Why take a rig off-site when you said more than once it would stay to workover.....????
For all of you out there frustrated by the share price just think of it this way, it is low because of the risk associated here. We all know this is a high risk high reward play. People will be very very reluctant to place large sums of money in because PB 3 COULD literally be a last ditch ploy by GDN. Whilst it is LOOKING good IF IF IF IF IF IF IF IF IF IF IF IF it produces, right now it isn't producing.
WHEN we get physical, tangible results, then lets whinge when the share price is cruddy, but until then, be realistic. This is high risk stuff, the share price does nothing more than reflect this.
Goodluck to all, we certainly need it!!
Ann: Completion rig onsite to commence testing on, page-9
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