so we add another 20 days onto the project or about 25% of the...

so we add another 20 days onto the project or about 25% of the origial budget. COE doesn't care because they are carried for most of it

but JKA on the other hand gets stuck with 30% of the drilling cost and all the risk of further delays and we aren't even into the tricky bit of drilling the deviated section yet! plenty of things could go wrong yet. sounds like a lot of up front risk for an ok return to me.

no wonder the price has dropped 50% since the options were exercised. they won't have any money left at this rate!

its a sell for now but long term they looking good with their other assets.