Pakkham - My belief is GLL need to do a fair bit of drilling and a lot more de-watering in order to deliver the reserves they have been promising.
That's going to cost a lot of money and take a long time, 6-18 months per well in the CBM.
On Glenaras, they're going to have to spend money on infrastructure to handle that. Because of where it is located (middle of nowhere), it's going to be expensive.
Fortunately they have some cash (unlike other companies) but delays to drilling are not going to help.
GLL Price at posting:
40.0¢ Sentiment: Sell Disclosure: Not Held
