RE: Opportunity14 Sep 2022 11:26
@Gogsthelogs @ Curator
Obviously we were hoping for a drill this year and now that has been put back to Q1 23, rightly so a lot of disappointed investors out there, not just yourselves but myself as well.
The positives coming out of the RNS is that they have mentioned the tier one company being Baker Hughes who are ann excellent company who will transport all the equipment needed in one go, saving time and costs. An IOU written can change but at this moment it shows intent from both companies.
Why mention a rig crew at this moment in time, I'm sure news of that will come out when the rig has passed the audit.
As far as the ri from a yard, we are not fully sure of why they went for the current rig, possibly due to the extra cost ( in the millions?) and availability issues, they are where they are now, I have no issues with that, actually I commend them for doing the audit.
It was documented somewhere ( can't remember where) that the rig has not had that many hours of use, and this was one of the reasons they went for it.
May I ask, would you be put off buying your ideal 10+ year old car with full service history and a very low mileage for a good price?. Of coarse you wouldn't.
The licences are also being addressed which seemed a concern on this board lately.
Hopefully your confidence will return, I'm sure more news to follow in the coming weeks/months.
Onwards and downwards for today
Onwards