RE: One Minor Niggle...11 Mar 2025 16:42
Lokiloo
you'll have to trust me on this one
lets say rig counts this year,increase by 100%,that great for the drillers
but it takes around 5 years,to get those wells into production(if its commercial)
so its the next government,after trump....that will benefit from the drill baby drill millarky.
its a shame,trump doesnt add that bit in.lol
...........
similar to the mining sector,if a comp does a drilling campaign and its commercial.it takes on average,10 years to get into production
or 15 years,when it comes to rio tinto;s huge mongolian copper mine