All three predator projects will come to fruition26 Oct 2024 08:53
PG
No Opinion
RE: Vox Market Q&A - Transcript24 Oct 2024 11:31
(cont..)
So what I want to reassure everybody is that nothing has changed in terms of the volumetrics. Nothing has changed in terms of our objective. Because of the nature of the section weβre drilling with, it was unplanned for but weβre learning all the time, but we are totally focused on getting that gas out of the ground, flowing at a rate that will establish the CNG project. So nothingβs changed in that respect, we just have to be patient. I know thatβs a horrible thing to say in this market, nobody has patience, I donβt have patience which is why I had to restructure a few things during the summer to ensure that we were delivering at a quicker rate. So we will get there, we will get there but itβs a question of not days or weeks, itβs several months to get us through, probably to the same time as when weβre drilling MOU-5. Again, thereβs another reason for that is if youβre going to mobilise equipment, we might have to mobilise a little bit of extra equipment, we might not be spending on the swabbing results, but you want to do it all at the same time and thatβs the way you save costs. Weβre not going to be throwing money away by having people stand around doing nothing and equipment standing around which weβre paying for. Simple as that.