RE: nothing for 4-6 months31 Dec 2021 12:15
AT
All I will say is, IF, DM fails on this next drill it will be a very very long road back.
Every time a CEO fails to deliver on a statement, is a nail in the coffin for confidence and trust of PI’s. Just look at TLOU. Their CEO had many false dawns and when they finally got awarded the power purchase agreement and financing the SP tanked 30% instead of rising 300%.
DM knows another failure will be catastrophic. Hopefully, the use of an O&G rig this time, like he should have used the first time, will do the trick.
At the end of the day it’s a 50-50 gamble. They either strike gas or they don’t.
Pay your money, take your chance, or not.