RE: Strategy18 Aug 2022 17:01
No1, He1 are clever, they are keeping the price at the buy in level pre-phase 1, and at your average it gives you options to get out at a smallish loss at these prices or hold and see..
I just hope we don't find out we have a JV partner for the audit costs, Noble, 50/50 on the rig, but Noble get the first 3 drills..
There is a lot of word play in the RNS, thats what keeps the price, you make the association which they have not or maybe have mentioned but not for certain, but yes but no but ..
Ummm...
In the RNS they mention not expecting non-recoverable faults to affect future drilling, not 2022 drilling...
So does that mean Tai will be the rig shake out, it implies that but they have not said so..
Usually they refer to the 2022 drilling campaign, which is now, so current but not happened so you could argue future...
99% will read that as no faults likely to affect 2022, it implies that too..
Last year they said for Tai-2 they would test one of the untested shows, and there were two, and the narrative was a discovery so you could interpret that as wanting a successful test. They could have clearly stated their intention was to test only the upper most show, but they did'nt...Thats as far as they went, and they did'nt say they would test 2 shows or a second if the first was not successful..
But keeping to the narrative it created a lot of scenarios, but testing a show is also just collecting data..
There are lectures on the subject....
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