EMR emerald resources nl

Flight500, I believe that there is only a 50% chance of a...

  1. 269 Posts.
    Flight500, I believe that there is only a 50% chance of a definitive result from this nitrogen job. It is still likely to need a coiled tubing unit for the JV to be certain. Not sure why they haven't gone straight to ctu, but I think cost had something to do with it. Couldn't imagine it could have been non availability as they had almost a year to get it organised.
    They COULD get a positive result for one tenth the cost so I suppose that is a business decision that makes sense even if it is extremely frustrating for shareholders.
 
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