Well, get ready for another cap raising for JKA. Another two months minimum, plus whatever timeline blowouts occur from drilling in this difficult reservoir.
This is also a tacit admission that the drilling of ST1 was done poorly (some might say bungled).
I wonder if JKA voted in favour of this action by the JV? With only 15% of the vote they would be easily outvoted by COE and DGO, both of whom this is a positive outcome for.
I think, as long as the lessons of ST1 are learned, ST2 has an excellent chance of success. It's just a shame how much of a toll this took on JKA. Neither COE or JKA have covered themselves in glory in their handling of this issue.
Well, get ready for another cap raising for JKA. Another two...
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