The well site equipment is all hire equipment . It may have already been used elsewhere and might just need some footings and hooking together . Could be on time but my experience of energy companies , not only this JV , is that they usually take longer than anticipated . Will we get an uplift in the price today for this very well signaled event ? At least it was not an Announcement that first gas had been delayed , lol !
They have warned us to not have too high expectations for the initial managed production rate and that there will be much better rates to come .
Even with no huge kick in the SP it is still a big day in the life of the business .
MEL Price at posting:
2.1¢ Sentiment: Hold Disclosure: Held
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