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Yeh sure sure sure
Sitting around
Sure sure
This BOD are just sitting around and milking it to death at our expence
Every RNS takes the share down, nothing happening this year prob to sell it on the cheap to their pals and if they don't like what's proposed they don't need to do it.
Urraca
I’m a tachnical head of driving a truck... will that do?
Technically, I don’t believe the statement they have made.
Directionally they can do it... challenging yes... but given enough experience this can be done easily..there are very clever people in oil...
As muted by louboutin Sheila previously ... I think the 6 well is now seeing more support and therefore they have done some calcs and , the production added to the increased .. forecasted oil price gives them
Confidence that they have the cash going into 2022 to keep them going... and some ..
Like others... I suspect they know most; if not all of the CPR by now so have made their decision based on this new report...
I actually find this RNS positive ... the game of Russian roulette has played out and management are ballsy enough to say ...give me the shooter... I don’t care if there is a b@let in the chamber ... I’m going to survive ...hurricane is going to survive...
Agreed, the fact they are mentioning 2023 firms up in my mind that they are happy to keep pumping 10-12kopd for the foreseeable.
Brent has recovered much more than anyone first thought, but why the negative tone? Unless they want to cause the SP to drop for some other reason?
imo
GLA
Well, it implies that they they don't think the water cut is going to render 6 uneconomic over the next 18 months, which was a big worry. Be nice if they could have spelt it out though. And if that's the case, then stacking the cash for another year seems sensible. Oil price should hold with Biden slashing US production, as long as OPEC can maintain discipline.
But really, are side tracks that difficult? It's not a novel drilling technique. Is this just an excuse? And technical heads out there who can give a view?