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.
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