I'm not all that happy with this. We were waiting on numbers, decent flow rate numbers, that were due at the end of November. Now that's been put back again to January sometime. It's possible we'll achieve the predicted flow rates but the delays are bugging me.
While I understand problems occur causing delays, we've had more than our fair share.
I'd be happy to overlook the delays if we were getting significant flow rates, but what we've currently got is 0.4tj/d ish, from Warroon, and we're hoping for 4tj/d+ for all 3.
The market doesn't like delays, and it doesn't like having to guess. We're seeing that yesterday and today with the sp drop.
And whilst I'm happy at the thought of new plays, potentially big ones at that, I'd rather have good current flows for Chrissy.
We need these wells to produce, we need the money.
Despite that, I used yesterday's drop to pick up some more.
I wish you everyone the best over the season, keep safe.
AJQ Price at posting:
5.7¢ Sentiment: Buy Disclosure: Held
(20min delay)