Geeez there you go! It's a gamble now on how the market will react to this Jaws step change. Basically is the market a half glass empty or half glass full kind of market????
I'm half glass full but I have a feeling the market is half glass empty...
So as it stands now I gather, Jan 23, there's no pumping happening until they have sorted out the "workover" strategy to get over the step change in future with a system that can handle it. Mama Mia...
Geeez, how long is that going to take!?!?!? And how much $$$ !?!?!? And in the meantime, what about the conditions underneath now that pumping has ceased? Has the Jaws site gone to sh!t underneath or is it maintained or just a matter of plugging in the new workover scheme/solution and she continues depressurising and dewatering on the conditions when she stopped?
Depending on the risk appetite of the market, she could go as low as $0.02 !!! Or if people aren't negative, she could rise knowing there's a lot of gas there (Billions of $$$ worth) just needs the right technology to get it out. I hope it is the latter or it will get way worse before it gets any better.........
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