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1981Investor - You really need to get rid of that bee from your bonnet. The majority of people on these bulletin boards have an agenda. When invested we're willing the share price to go up and sometimes share our wildest hopes on here - ramping.
Then when we've sold up, we disappear. Sometimes looking in to reassure ourselves we sold at the peak price, i.e. hoping the price has dropped after we sold.
It's just human nature - no point railing against it.
Thumbs up for yesterday's RNS, but reserve full judgement until a timely Strategic Review is completed and a fair price sale of Cascabel is achieved thereafter.
However, I do also hope it's not too little and too late from an Ecuador government perspective. Otherwise BHP and the likes will be waiting in the wings.
Slightly different quotes from the CEO (the reporter may be paraphrasing) :
https://www.google.com/amp/s/www.bollyinside.com/news/business-news/by-start-of-march-solgold-anticipates-cornerstone-merger-to-be-completed/%3famp=1
Seekinvalue, the logs are giving snapshots of results while production testing progresses. We will only know the full capability of the well when testing is complete.
As Adon30 pointed out, some of the numbers being quoted are derived using modelling.
Hope the extract below (from the article at the given link) will help to explain timescales :
"Developing New Oil and Gas Fields
While new wells in developed reservoirs can be drilled and brought online in a matter of months, timelines for production from new fields stretch for years because they have complex permitting requirements and require the construction of infrastructure such as pipelines and storage facilities.
One study found the world's largest oil and gas fields averaged 5.5 years from discovery to first production and took 17 years of production on average to reach peak output.
10
Chevron Corporation's (CVX) Gorgon natural gas development project off the coast of Australia took 30 years to progress from discovery to construction and nearly six more years to start producing liquefied natural gas.
11"
https://www.investopedia.com/ask/answers/061115/how-long-does-it-take-oil-and-gas-producer-go-drilling-production.asp