RE: Value5 Apr 2022 14:40
Gary you are right l, drilling for oil at Jade is a risky business, but don't forget EME isn't a one trick pony. Duyung backs up the current share price, if they miss at Jade then they still have the even bigger Topaz and Pearl to go.
GSA on Duyung is due anytime now, we already know there's 495 bcf there and it's expected to be much larger than that!
As for comparing it to a company that found an ancient burial ground, I don't think that's going to happen under the south China sea is it?!
So, at the end of the day, if they miss at Jade then the SP will drop. But, assuming the CLN is converted before spud, they will have no debt and Duyung in their back pocket. The company isn't going to collapse to nothing!