AW1 General Chat, page-3121

Anyway, the snow is melting


Yes it is and according to TU "and for your summer drilling season we'll let things melt and come back in the end of June"

Some on here need to do their research as what's posted by you Met2020 is fair enough but Thomas Ullrich paints a clearer and fuller picture, he also talks about diamond drilling being difficult because of the fluids and the 40c below temps.

Just hearing only 'good stuff' on here is what got punters into BIG trouble last year.

TU also said "it's ornery expensive to operate in the Arctic" now that might be worth keeping in mind when we hear that the DSO is high margin as Dave O'Neill has said but I believe that comment was made in the same breath as capital costs were mentioned (happy to be corrected there) so the inference is the ratio between income and capital costs is high margin but what about production costs, shipping costs, they're not capital costs.

I hope you don't mind me adding to your posts from time to time I'll stick with commentary from Dave O'Neill and TU for most part.