TA only, page-1668

I disagree. First of all, it isn't a 1 week delay, it is potentially "x" months delay. Secondly, I disagree with your prediction that in 2 weeks time it will be "back up through 10 cents". I believe it will be lower than it is now in two weeks time.

If the drill rig is stuck drilling in its current operation, then we might not see it on the Alameda well pad for months.

To be extremely clear about your "1 week delay" claim and how it is incorrect:


source: 64877677

Now we find out that it won't be "mobilised" from it's current operations until the third week of March 2023, which means... if it takes from the 20/03/2023 to the 31/03/2023 to deconstruct and mobilise to Alameda, there 100% won't be drilling by Q1 2023, which means it would be delayed... Then we have the problem of the following: "The rig will initially be erected over the Alameda-1 well to formally plug and abandon it before being transferred circa 25metres to the Amistad-1 surface location." source: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02610511-3A609231?access_token=83ff96335c2d45a094df02a206a39ff4

Therefore, if it takes >1week to plug and abandon Alameda-1, this means it is more than one week if the above time line holds.

So to be very very clear:
1) They have at most 11 days to get the rig from its current location to Alameda-1. They have at least 5 days if the rig is ordered to deconstruct by 26/03/2023.
2) Assuming the rig is deconstructed and mobilised to Alameda-1 within 5-11days... Then there are "X" days for: "The rig will initially be erected over the Alameda-1 well to formally plug and abandon it before being transferred circa 25metres to the Amistad-1 surface location." source: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02610511-3A609231?access_token=83ff96335c2d45a094df02a206a39ff4
3) Then the spudding can commence, in April...

HOWEVER, if there are any delays to the drill rigs current operation, I would comfortably push back the spudding of Alameda-2 until sometime after 01/05/2023.