"Confirmed with company that rig can go past 16,000ft with a smaller hole. They are still hoping that everything is finalised by that depth anyway"
Suggests to me that they are focusing on what is immediate and dont need to focus on what is deeper even though they can.
It suggests top me they may have good signs .
I see it as glass half full on this occassion.
Buying at these prices is IMHO for what they have already, at a probable discount.
Please do own research, consult with own advisor.
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