JKA jacka resources limited
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Two reasons:1) It is not their call, they are not the operator...

  1. timferris
    659 Posts.
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    15/10/13
    23:55
    Post #: 12445008
    Two reasons:

    1) It is not their call, they are not the operator and more importantly -

    2) You can't just call it quits, they still have to plug and abandon the well and then demobilize the drilling rig. If the assumed calculation is correct then they currently don't have the money to do this.
    JKA Price at posting: 6.6¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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