RE: What s next3 Jul 2025 11:44
Think it was fairly obvious to anybody paying attention, and both companies, that there was no way they would make H2 production. State 9 only TD and gas 3rd June. Looking back over last few wells then.....well obvious. They just chose to wait until all wells drilled to state the obvious. They were simply over optimistic stating end of Q2 at the beginning. Even with minimal delays, which there were, never going to make it. Happens all the time in mining, no biggie for me.
However, as long as no hiccups, I could see production by end of third quarter. Maybe this time HE1 being a bit more cautious with Q4 whereas Blue Star say H2. The key thing is it is all estimation, nobody can give an exact date. IMHO 3 months to get plant built, tested, commissioned, tie ins etc is doable just about so maybe 3/4 months. End September first half October is realistic. Fingers crossed.