If 0.4 does not hold then it is a sign management has capitulated, and making a run for the hills. We would be at the mercy of RRE to bail us out, but not likely.
I personally think we are close to exhaustion but I have been wrong so many times so who knows. Some RRE confirmation of support would help, but we only got that from your call with Nathan. Nothing say so in the official announcements.
The head scratching for me is more why HHR is dumping more than sector peers? And why would they not move forward with Phase 1 irrespective of the Labour politics? The politics are bunkers every where in the world so why just an issue in Britain?
Why would Aviro single out HHR to stop? I feel convinced this is HHR/RRE specific which means only HHR/RRE can sort it out. The politics is the same for all so no reason why we are 80-90% down and peers 15-20% down.
Ann: UK Southern Gas Basin - Operational Update, page-162
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