RE: End game24 Sep 2024 15:39
Very little is actually said about what is supposed to be our primary focus, the company making testing programme.
There is no mention of Sandjet, nor the degree to which it has proven able?
In contrast, a great deal is said about a high risk low CoS drilling opportunity, Trinidad, and helium potential.
Focusing on the RNS, and ignoring the creative writing class which ensues after each update -
I would say it is marginally more likely than not that initial indications are either somewhat below expectation, or that some measure of difficulty has been encountered, or both.
Measures are now being taken to enhance reservoir performance as a consequence.
The testing programme also now requires extension to compensate.
The significance of flow assurance has likely increased due to the complexity thus far observed, hence the emphasis.
Plenty of other targets to investigate, but in essence, yet further delay.
That's my best guess, understand its going to annoy people.