oversold says the market !!, page-6

well thats good to hear.

if you buy their explanation of why the water cut occured.
vertical fractures etc

what about a cement plug failure?

anyway, thats tindalo, and this is galoc.
(and i recall they fired the operations manager at the review, the lassy.)

all i'm saying, is that there is a massive discount the market is placing on both stocks.

WHY ? and what i'm saying is that i think that discount will be alleviated when they actually get some runs on the board.

And when the phase 1 Galoc is pretty much windind down, its all or nothing on successfull phase 2.

(if they had not done phase 2, and continued to delcine their productions Galoc 1/reservoir , they would also be declining sp.)

So again, to the more learnered.? What can go wrong phase 2? what risks are there from now to first cargo??

Is it 80% garanteed all sweet sailing?
or is it 100% slam dunking donunts?

or is there a real risk more like 50% which the market is de-rating the price/earnings.