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Totally depends where in the well the cement has gone off.
If the cement blocks the flow path for the subsequent cement job, they can’t cement the annulus properly and the well could be lost. That’s worst case to be clear, but it’s on the table
I’ll take it this is aimed at me.
You might not want others here to accept it, but I do know how these things work. The question remains; why is this error costing Pantheon money when the third party should have liability? Bad contract, bad business.
We’ll see what the market makes of it. I suspect it’s gonna dump
“ Slight issue that too much cement has been used (idiot). I can't believe it's too much tbh, they would realised pretty quickly that they were using far too much cement”
Where does it say they used too much? What I gleaned from the message is that the contractor managed to grout the bore rather than the annulus?
This would require first re-drilling out the casing to clean up before commencing grout again
Contractor better take the liability of these remediation costs because of their error, shouldn’t be up to Pantheon. Why is Pantheon already saying it’s cost them money?
Hi Gubby, no I didn’t ‘know’ anything at all! Perhaps it was blind luck but I did make a calendar entry for 8th feb saying TGA news expected. Spooky!
Fantastic news, gl all. I have a buy order set at 560 for any pull back
Doing my DD for here as on paper, it looks an attractive R/R prospect. I’m hoping “proceeding at pace” does in fact mean as much and is not just company waffle.
Below from recent announcement:
“ GreenX’s investment dispute with the Republic of Poland is not unique, with international media widely reporting that the political environment and investment climate in Poland has deteriorated since the change in Government in 2015. As a result, there are a significant number of International Arbitration claims being brought against Poland in the natural resources and energy sectors with damages
claims ranging from US$120 million to over US$1.3 billion and includes Bluegas NRG Holding (Gas), Lumina Copper (Copper) and InvEnergy (wind farms).”
Does anyone know:
1) what is the cost structure of the claim (split or cost follows?)
2) will more legal action to enforce the arbitration result be required after successful claim?
3) if claim is unsuccessful what are the liabilities to green-x?
4) what is the success rate of international arbitration v Poland- is it legitimate?
5) how are Bluegas NRG Holding, Lumina Copper and InvEnergy faring with their claims?
Thanks in advance and good luck
“ My people skills are just fine. Maybe you should concentrate on your investing skills or lack of.”
You see, from this interaction, my investing success is not measurable but your people skills are - or lack thereof. Good day
“ I’ve been investing for many years sunshine and by the looks of it, you have a lot to learn.
PS, I am a big man as well.”
Well congratulations on all your success in investing, maybe time to turn your hand to developing people skills