Will All Respect........... I totally disagree with you about the decision to not drill a Vertical well.
I personally think SM and the guys on site (are on the ball) are making good decisions based on the available data.
ALWAYS remember that.......... First and Foremost......... Currently, we are an EXPLORATION company........ We must gather data and learn as much information as possible to unveil the secrets of the Cabora Bassa Basin.
I actually believe that the company made a conscious decision prior to the drill, to have a slightly angled well with the foresight of the possible requirement of a Vertical Sidetrack.
Do Not Forget.......... The main problems we encountered were not so much related to the angle of the well, but rather the over-pressure experience after 3400m Depth........... Maybe our thirst for knowledge and information, requires tempered risks to be taken.
Hence, maybe also the reason for the Late CR (which turned out to be a master stroke) just before commencement of the drilling?
Now.... We have another opportunity (with a quick and short trip) to gather the much-needed samples even though it has come at a big Cost.
To be honest........ Now, with the benefit of hindsight, I am glad we went past the 3400m....... Even though we failed, we seem to have gathered very valuable information about the Lower Angwa....... It certainly allows us to better plan the for next Mukuyu Well, with important knowledge at hand, on depths down to 3718m.
You know how the old saying goes.......... KNOWLEDGE IS POWER.
GLTAH
Kind regards,
CI
IVZ Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
