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I would change a few things here from my perspective. They won't...

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    I would change a few things here from my perspective.

    They won't get those holes back in time so expecting a decent delay on the MRE until late January just given Christmas break. The daily drill rate on the DD holes is slow (which is normal) given the type/depth (comparing between announcements). To cut, log, send to lab and receive them back is going to take some time, then a few weeks break to update the block model. Clearly they are rushing holes through the labs too.

    My wish is that they raise enough to commence the decline but otherwise defer the restart. Strong CR off the back of the MRE - move to 10 rigs and pattern drill them all out.

    Just my two cents given the industry at the moment.




 
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