Imo the Hientschel field is the major problem here, although all the wells have produced they have been troublesome, more expensive and have never been completed on time, hence the flagging SP. BUR and AKG have engaged different drilling companies and all have struggled with the completions.
BUR have indicated their intention to off load Hientschel, probably for the reasons outlined, however given its history any interest may be difficult to find.
Cant see this new well performing any where near the expectation after all this intervention.
Anyway shall wait and see, Santa might deliver in barrels not bags this year.
BUR Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held
