Imagine If IW2 V successful, what the outcome would be?
the decision to go V is right or wrong, PB and DW both should get blamed from technical perspective, but it does not change the fact HRZ is oil rich, if we got a farm out, there is still no guarantee IW H would flow oil, if it doesn't who got the blame? or you can suggest we do nothing to avoid a failure.
for 0.9 - 2 billion prospective, farm out and carry on a further test is a must, even its a failure again, better than doing nothing. Agree?
IW conventional
Drill ourselves by CR , or farm out for two more drills, either way, value diluted. considering 2 billion + bbl, I think DW could make a fair judgement which way diluted less value. With the sentiments you guys have right now, no matter which way he goes, it could be wrong.
Winx
failed and accepted, right decision or not? I wont say its right based on failure case, but nobody would say its wrong, if it was a success.
Stop these hindsight SHEET, I agree DW should never got a pay rise years ago till we hit oil commercially, but I disagree he did anything wrong from managing the business perspective, the truth is we are missing bit luck here for all the failures we have been through.
keep winging wont save the business, all we need is fund to keep drilling the existing prospective leases.
My finance is definitely *ed if we fail IW conventional & unconventional because that is only time i will admit the value is completely vanished, prior that, its all just noises, nothing else.
88E Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
(20min delay)
