RE: Share Price8 Aug 2024 12:53
I think even early next year is too optimistic for the new wells, I would hope the work overs will be progressing well by then. However, we still need GOI approval for the new wells. The GOI could well interfere like they did last time. Seems interesting now because the low flow rate was just blamed on the fact we needed a bridge plug because there was water ingress from the old wells, which the GOI requested to be opened. Very strange situation. The new wells will probably take around 18months to 2 years, so any rerate is over a year away IMO.