Not halfway through the month yet, 2nd compressor and sidetrack success can still clear the hedge from here. Get into the last week without positives will become squeaky rum time though.
Needs to be a (very) positive reason behind the big drop, otherwise meeting the hedge is going to be very tight now. Over to Singhie to provide the nuts and bolt details....
Looks like it is causing some entertainment, and keeping the MMs active. Let’s see where it is after the dust settles along with the spread. At least it has not tanked and the MM are not sure what to do, hence the spread? GLA.
Interesting that it is ICON that have let this pass rather than Sting as we all thought Sting would be good. So what have ICON got up their eye on instead?
Has GL been putting in a (much, much) bigger pipeline in on the quiet? (maybe why the guys were not drilling - joking) The downside being that the well might be empty (guessing) in 3 days? (lol)
I was wondering if they drilled too far and tapped into another pipeline. Looking at the results for most of the other sites, only holford had a big increase from 0.6 to 2.4 between the 12th &13th. Even if the increase is only vaguely true (up to 0.214 from around 0.16) I will forgive the bombshell RNS in December when we were royally kicked in the nads.