"Grace would not be the choice of KAR stevo. They had a contractual agreement to drill wa314. "
Sorry Bob, You have lost me there. Are you suggesting that they had no choice but to drill.?? Or are you refering to the drill in a certain time frame or lose the block arrangement with the gov't..? In which case they did have a choice, they could have handed the block back and saved 100 mill. A calculated risk that went very wrong for them.
Also, I don't think the number of baskets has changed either.
In terms of 314, Elvie is still on the table. They talked it up bigtime at the presentation day and I suspect why they drilled Grace to hold the block.
Solid well results will help, however I still maintain that Jv's which will better define value in the ground is the biggest catalyst for Sp movement.
Cheers,
Stevo
"Grace would not be the choice of KAR stevo. They had a...
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