Like some on this thread, I experienced the days, weeks and months of delays during the drilling of PB#1. I notice that management have referred to the problems of PB#1 well as "mechanical issues". With the court case pending, the reference to "mechanical issues" is an obvious choice but I'm sure RS would prefer to use more suitable adjectives like 'those cowboys', 'human error', 'took shortcuts' etc...
The Titanic did not fail due to 'mechanical issues'. It was the best luxury cruise liner to be built at the time, "it was unsinkable", yet it took something as simple as a couple of extra clicks on the throttle to sink her.
PB#2 well is already showing promise of going commercial and it's comforting to know that all those gas zones are now secured. The last thing I would want the drillers to do is to rush things and risk losing what should be a 2nd crack of perhaps the best pay zones in the Golden Eagle Field.
Take your time boys.
GDN Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
