RE: Target Price in 3mnths, 6 months, 12 months8 Mar 2022 16:27
When you Plug & Abandon a well, as opposed to merely Plug (suspend) a well, you cut and pull portions of the intermediary casing string so as to isolate any conduit from potentially forming a conduit to the seabed.
Most likely, if not definitely, the wellhead conductor was also cut, and the wellhead retrieved.
I seem to remember from reading this BB that the P & A was done during the time of the Court Case.
Who would know what would actually have been done to the well during this period?
I will leave this to my learned shareholders to answer.
Onwards and upwards
P