Despite the plan for news to generally be released every 2 weeks, it would be good to see something next week, as an indicator of drilling rates and the schedules we can extrapolate from them.
The wider market has been given no real indication of the conservative nature of the schedule. For now, it remains an advantage for investors who interpret the drilling rates of HAB1/HAB2 and understand the upside that the Lightning Rig offers.
I call this operation as finishing within the given schedule by a very comfortable margin. The major contributing factor to a full 12 week drilling time would be a very conservative drilling rate, and this in itself will only attract the risk-averse.
Bloody big few weeks coming up, and every variable is set to work in our favour. The upside strongly beckons whilst concepts evolve towards proof-of-concept. The ever present risk will soon be eradicated, and so too will be these discounts.
Cheers
RNE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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