re: Ann: Quarterly Activities and Cash Flows ...
I think it's fair to say they thought drilling out 1m of junk would take considerably less effort to drill out 2000m+ of limestone x 3 wells.
Use your heads here people.
1m junk or 6000 m of rock. Where would you put 'the big gun'?
There's no denying that we've had delays, ridiculous delays. But I don't believe there is anything untoward going on here. The rig on Malolos faced delays for parts, then had a malfunction while finally having a crack at the junk.
It's pissed me off no end, it sure as hell has pissed of DM and the crew. But to suggest the smaller rig should have been deployed on the 3 wildcats is pure madness, seeing as though the 'big gun' couldn't even reach target depths.
I'm no cheerleader. I'm considerably stressed about the whole situation, but lets not let common sense stray too far now shall we.
We wait another 3 weeks and hopefully we're all in a much better place.
GGX Price at posting:
4.4¢ Sentiment: None Disclosure: Held