RE: Interview7 Nov 2023 16:13
On this occasion I agree with Joe. He is using what I would term simple logic...
"Whatever they hit down there is substantial enough to warrant a halt in drilling to test it. If they hadn't hit anything of value, they would of drilled to TD. The risks of drilling to TD are the same regardless. Plus they stated that they would drill to TD and then wireline."
They clearly have found enough to warrant not risking going any further and jeopardizing what they have already found.
As I see it, the situation now is all about what the wireline finds. If they have enough to go commercial, I doubt they will drill further. If they don't, then they will likely push on carefully into that deeper basin.
Itumbula is irrelevant at this point in time.