I was just checking the past publications by RRS to figure out the drilling schedule for Georgia, when I read your post.
On the 14th of July Peter Landau states drilling to 3500 m in 45 days. Well, it took 120 days to 1544 m and it will take optimistically 150 days to 3500 m. Do they drill during the winter?
So I am pissed off, because this seemed to be a company with a few years of experience. Where did this experience get lost? Or is it due to the 'Great' Red Emperor with hardly any experience? This is not professional at all. They know the seismic data and there is more than 100 years of drilling (geology) experience in the world. Why can they not predict such a scenario?
With these kinds of predictions and outcome I would lose my job instantly. To close with some positive statement: I hold my investment because I just invested peanuts (with a 30% loss).
RRS Price at posting:
18.0¢ Sentiment: None Disclosure: Held
