no chance mate - even our shallowest A1 will take 4 weeks (even thru "butter"). this second gas drill has only just commenced, we have zero hope of getting the rig on site before june. Of course, like you, I hope I am wrong.
look at their 16 feb announcement: this implies first gas completion was initially forecast early March. Didnt happen of course! I can only assume that first gas hole was ACTUALLY completed early April. When did it start? We only have this 16 April release, first gas well took at least 6 weeks. Extrapolate these timeliness how you will.
go back, about a 6mths ago i detailed the time it took vs what mngt said it would take to complete both A and Zapato. From memory it took more than twice mngt guidleines - open any preso, they over promised and .....u know. meanwhile, what have we seen mngt do to circumvent all of this -globally significant find that it clearly is and theyre sitting on it?!!! where is Sonagol!!! Come take us out already!!
My confidence in what they release is near zero, they say 5, I know its more like 10. minimum.
MAY Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
