Personally I think there are a number of differing factors to what we were being told about a drill at 63 this time last year as compared to now.
Firstly, right up until August last year Phil was still claiming there would be a drill at 63, even though there was no way in hell the money was there for that.(even for a rig share) I think they can afford it now, only just. The target wasn't great last time and if he's been reading the seismics right then this is a much more promising target and only in 70 mtrs of water. They will not be able to get another extension like last time and a drill has to be done by Nov 2013. Total madness if 63 has to be handed back. And finally , I really can't believe that someone could make the same mistake/s that many times by making promises that can't be kept and over promising and under delivering time and time again. Although....... I still believe that the announcement was rushed out though prior to the agm for obvious reasons with no dates or confirmations but , one way or the other there should be a drill at 63 this year. In what form or when remains to be seen.
On top of that we have development wells being drilled , ok, not as exciting but any drill will do and still hoping West Linapacan reserves soon. I will be very interested what comes out at the agm as I believe now they can't publish anymore news until thats over.(price sensitive anyway)
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