It's not good mate and just wish they would do something great like we have new CEO, Chairman etc, got rid of all these so called costly expert consultants, we have a merger, farmin, MIN funding and they put DMP application into for Nth Erragulla, Lockyer etc so we have a chance to get back to 50c imo. We will never get over 80-90 cents now. People think $1.50, never ever happen imo. I think our exit is probably around the 45-60c at best but we have to drill others to get there. Except it I have.
MIN will not be happy or are the biggest holders, we now know this well will not top up RG or MIN's gas needs. We have no gas, so 7.5PJ is zero and pathetic flow rates. We have to do something urgently now imo or we are going into new territory of the SP being smashed below 20c. Great team, great result and what a great future we have. People call this ramping, I call it being truthful and no one should be happy. But what would I know.
But no we probably plod along on this basket case well, spend heaps more and SP will continue to fall. No one has a chance to get out, cheers consolidation, when SP goes below 28c. Then everyone is losing. Maybe then we can all agree on something. The company has gone from bad to worse imo.
We can rectify this but strong sensible leadership has to urgently happen. Only a matter of time before MIN and big holders demand change or action now imo. Sensible changes have to happen and MIN needs to step up and make the hard decisions, someone has to. If we remain under this team we are done for imo. Forget RG and drill other areas now. MIN will fund as no sane holder would, certainly not me. No farmin would either. Merger or MIN is our only option now. What a right mess we are in my opinion.
Now over to the positive people to rip my comments to pieces as I have no idea of what I am talking about do I. LOL.
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