There are loads of reasons why drilling may be slowed however, the "3rd rig" seemed to have been held, back, whilst promoting a narrative of escalation of drilling.
In the december quarterly operation report, released in Jan, they said
"A third drill rig (RC) is expected to mobilise to site to continue escalating drilling capacity shortly."
in the 28th April drilling update they said:-
"A third drill rig (RC) is expected to mobilise to site in the current quarter to continue escalating drilling capacity."
And in the drilling update report at the top of this thread dated the 4th july it says:-
"A third drill rig (RC) is expected to mobilise to site to continue escalating drilling capacity shortly."
So "shortly" in the Jan-Mar quarter, "mobilise in current quarter" in the Apr-June Quarter, and is back to "shortly" in the report on the 4th July, all the while promoting a narrative of pending drilling escalation.
Need to tell shareholders why it is 5 months late and counting, and stop telling them that drilling is going to escalate "shortly"
Can't argue with the SP mind you !
There are loads of reasons why drilling may be slowed however,...
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