The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
What i find as the most frustrating aspect of this scenario is the fact that Schlumbereger's on site team should have anticipated what equipment would be required and have it there instead of waitng for coiled tubing to arrive as they knew from the the results from T10 what would be required to complete the task
The Company confirms that preparation for the Final Investment Decision (FID) for the TE-5 discovery continue as planned, with Front End Engineering Design (FEED) conducted and paid for by the Enagas consortium due to complete around the end of 2018.It seems to me having worked in the oil industry for years that they must have found a large enough quantity of gas to commercialise it why else would they have commissioned this, feel free to correct me if i am wrong
i scratch my head as to why people sell all or some of their holdings in Sound when we are so close to the potential motherload. I understand there may be financial reasons but if like me you have held them for a long period it just seems strange