RE: Current Price Action21 Jan 2024 19:59
For once LW we agree however the important piece is the find and in this case a find at a production ready exploration drill means it can be recovered without an appraisal and as an experience old O&G campaigner like you, I think you know that, so it's like me teaching granny to such eggs. π
An appraisal drill would no doubt come later to establish the full size of the find to provide a better CPR. and FFD would follow that, so as the point I suspect you are really getting at, is that at some point funding for more drilling would be required. That being the case, you are exactly right, but that is the same for every explorer. However at this stage they have to find it first. Let's look again after that time comes. Hope you have your powder dry, I'm sure you have π