RE: Placing ..26 Apr 2024 21:21
Make5Mil: Totally agree with you.
There’s something very fishy here. I personally don't think that they’ll ever drill a well. Get PSC and sell - period as they say in USA.
All hot air and no facts.
Someone tell me how you’ll drill a well there, even onshore, when there appears to be no plan, no volumetrics, no licence, management structure, no structured discussions and BS meetings which don’t seem to merit much discussion. And I could keep going. And for $4m. It’ll cost that to buy the pipe and ship it let alone prepare the drill site, ship the rig and set it up. And the service companies??Schlumberger probably wouldn’t get out of bed for that cash given that it’s an exploration well which will need every tool they’ve got to assess it.
I’m losing the will to invest here.