RE: Sold another12 Dec 2018 14:17
Fully understand why, and hope it works out for you. There is a lot of chatter around social media of bad news possibly etc, due to extended timeline to reporting R zones.
I have been in constant touch with JB and DS, more JB as he is more operational faced then DS. Which means he can give first hand assurances. Both this morning have said no issues, no problems and drilling as per normal now. They can only report to the market once they are into the R1/2. Both now confirm we are at the top of this horizon, and should be drilling through it very soon.
Once they are into the horizon, they will report the findings to the market immediately. When you get told by the CEO and the Chairman what the exact situation is, I feel comfortable to hold. A day or two is no issue at all in the grand scheme of the well.
But I can understand some paring the investment back as a hedge, especially given we are over due the first horizon results.
I have added more today though, perhaps more comfortable position, with a lower average.