Ann: Welchau Gas Exploration Well Update - Report No 1, page-2

The Sell on Spud crowd hold the field today .
Hope they have regrets in only a few weeks time.

Considering the downside of a complete dry hole and the upside of a gas discovery I am happy to hold to the end of drilling .
It seems a great bet on a risk / return basis to me .

Even in Europe there is pushback against The Cult of Climate Change compared to dealing with climate change in a logical scientific and financially sound way .
The same with Environmental matters .This well will have a small environmental footprint once rig has gone .
Even if the well is a big discovery we are only borrowing the site from Nature .
After depletion and rehabilitation in say 50 years after that , no one would know that a gas well ever was drilled here .