RE: Potential9 Oct 2025 11:38
Yes, finally some good news. The problem with Stockmaiden is that she is always negative, so there's zero credibility. I call bad news for what is it and good for what it is. I'm not a Stockmaiden and I'm not a Louis Walsh/WOS where every act is amazing, even if they're not.
I will say, however, that Gazelle was drilled yonks ago. Why wasn't it followed up much sooner? I'm still very wary of PC/DQE deliberately skewing or controlling things. And the cynic in me says that they had this in their back pocket just in case things got very bad. Because remember, they legally can't raise below 0.8p (the company's nominal value). So, to keep this particular gravy train going they had to get the SP up.
As for flow rates, I immediately thought when I read of ~400bopd that it was half of Heron 1's test so the reality might be 100bopd at best, but hell, anything will do for now. Now they need to sort the tax issue out, which really is taking too long and also stinks.