Ann: Flames Well Operations Update, page-8

Not quite but @tychoon was on the spot with the snubbing unit as opposed to coiled tubing units for completions that have their limitations.

Here is a link to snubbing units worth reading and understanding why coiled tubing was not used as it was in Jewell and Rangers.
How Snubbing Units Work | Rigzone

This is why we have the management team and BM to properly risk manage all aspects of the land leasing through to production and deliver the best possible outcome for the company.

I spoke with DP among others at the AGM re timing and drilling processes in approach to risk management and was quite shocked but not surprised at the differences in tiered operators and risk based approaches.

Essentially BRK with minimal funds when compared to Continental, Camino etc have to take the time to ensure that every facet is thoroughly checked and crossed checked many times before any leaver is pulled as mistakes and errors in the early life of the company can be detrimental.

The likes of Continental and Camino can afford the odd well that loses a drill bit at 7000', strikes and unknown fault line, acreage that is off the prime spot or not returning economically at all etc. these can be water of a ducks back and move onto the next....... a luxury BRK can ill afford.

So if in making those decisions that the management team take a little while longer to get their risk management approach right, so be it if there is that inkling just to check again.......

Just quickly, CLR or other US based oilers are highly unlikely IMO opinion to want to initiate any takeover, they need the little guys, the independents to easily add to their books through the purchase of performing acreage, where the risk is already been completed for them and they could get the little guys acreage at a discount to NPV, look after them to a certain degree so they can repeat the process.

Keep well cheers Paul