Just some further thoughts as I was rushed earlier today re the rig. IMO I feel that separate workover rig will be better for a number of reasons.
* Its Cheaper * It will allow the JV to keep drilling and not delay the start of Snatcher2. * When it does flow they will probably flow it for a while to see how it goes - maybe a few weeks before shutting it in. Advantages of this will be the much needed data, reserves info revenue whilst the Tapis rate is okay. After that there will be a delay as they work out how they will treat the area. Line back to Growler, speak to STO and get into their line or build a separate production facility. The flow rates will govern this.
Either way WASA its all good and things I feel will only get better.
ITC Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
