well thats good to hear.if you buy their explanation of why the...

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.