It is now approaching 3 months since Cua Lo-1 was spudded. I appreciate progress has been disrupted due to weather, faulty equipment etc, etc but, (and I know there has been tons of speculation already) what is the latest thinking re the patent cost overruns on this well? Sure, NEN have sufficient cash to cover their costs but surely they must be getting a little edgy on timing and costs. Whether the long delay implies a bonanza or a duster is open to speculation but as a long-term holder, I'm getting rather edgy!
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It is now approaching 3 months since Cua Lo-1 was spudded. I...
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