RE: Why is this still not flying?15 Nov 2024 10:48
Crusty I get what you are saying, another hurdle jumped, but the same could be said for every RNS right through to cash on the monthly bank statement.
Even then I would suspect some on here would be saying what if we don't get paid next month 😜 and you know as well as I do that that time will come. I do agree though it would be nice to see more specific information coming through with these things.
As for drilling this quarter being vague, I don't actually see it that way at all on this one. On the link provided by bluebay last night it seems quite clear that two of the wells will be drilled this quarter with the other three given a code rather than a date. I would assume that code to be during the first quarter of next year.
With only 6 weeks left in this quarter I believe this would only a rubber stamping exercise and therefore the company could well have been in full preparation ready to drill. It might even be possible to have a spud take place next week possibly the week after. Let's face it they have two Wells to drill in the period so they have to start pretty quickly.
I'm already fully loaded but if a rise is expected on spudding of the first well, then surely now would be the better time to get in for any top ups or newby investments.