RE: RNS16 Jan 2025 07:37
It says that the plant might be ready for installation in Q2 and it says the plant might be ready for production in Q2. one part of the rns says targeting production and the other says installation, so, read that as being anytime between Q2 and Q3 for monetising gas. Plant appears to be in decent condition with not too much (undisclosed) cost to recommission and to bring to operational readiness. No information on plans for Clink, bottom drawer, risk/reward is likely too high based on current funds. As I posted weeks ago after the failure at Clink, there is a lot now riding on Rudyard- which thankfully appears to be living up to that challenge. There's nothing to stop them drilling another 2 or 3 wells before the plant gets going and then hook them straight in once they are producing and the plant is ready. June/July, they will be in a better position