Hi All, I do not see the negatives in the Ann that other people or the market is seeing.
Seahorse 3 is labelled a producer for the future and I believe it will be revisited sooner rather than later. Both wells subject to Dir Drilling. It is not a P& A, just a suspension...
Bear in mind that Wardie 1 is being drilled from the same location.It is just a case of skidding the cantilever back and forward. Drilling through cement plugs and we are off again. Economies of scale can come into play, fitting a test package for 1 well and then dismantling can be an expensive operation. Why not drill out both wells, obtain all relevant data and than go onto a well test campaign for both. Just a funny feeling on this.( I may be way OFF the mark) There is still the plan to fit out the West Triton with the Well Test package in the coming 2 weeks I think. I have a sneaky suspicion on this one and as such was going to purchase today. But will now purchase a parcel tomorrow. Will not be to much more downside from current level... If I can get in at 54c better than the 69c i was looking at a coupla days ago...
I would be interested in any other opinions on this well test scenario ???
TDO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
