Very dissapionting news, but goes with the play im afraid.Plenty...

Very dissapionting news, but goes with the play im afraid.
Plenty of wells have been abandoned in the past.

However a review of management descisions needs to be made and a head or two rolled, should critical descisions have been missed, ie as 62Strat suggests with the well testing.

Looking forward :
Cash consolidation and reassesment of risk.

What to do with the AD. There is the Lawaan prospect in 54A 21MB and only in 100m of water, however Nido limestone. This is part of the 5 hole drill plan. Or we have Yakal ready to go, but whats the risk. I imagine there will be plenty of pressure from KIK to remain within the lease.

Gindara only 3-5 mths away from a drill and someone is buying those share today for a reason.

Good chance for the long termers to lower their buy in, although risk of cash flow and hence pressure on the drill dates for SC58/SC64 is increasing.

Should they cut thier losses with the AD and just focus on 54B? Probably a wise move, and then as confidence rises can come back to 54A.

We are at risk of takeover here...........

Good research and investing to all.