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Ann: Quarterly Activities Report & 5B, page-20

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  1. 1,412 Posts.
    lightbulb Created with Sketch. 54
    Bit of melodrama going on here, which provides opportunities either way, depending on your inclination.

    My reading is that the pumps are still working on JAWS, just not optimally, so it's a delay not a disaster. If they're doing a work over without a rig, it can't be too serious and they're probably just trying clear the sand without damaging the pumps? Expect that will take a few days...?...but maybe someone can tell me if otherwise.

    IF, and I know that's speculative, they can clear the sand, get the pumps running optimally and they're not far off BHP, then it shouldn't take long to get back there and see how they go with a new desorption event, which don't forget tells us there's gas there.

    Glass half full here...

    Mind you, the R&D stuff is a pain and not so good if they can't resolve it. Unsure as to why they would have been granted them previously and not now? Over my head. Anyone with some insights here?
    Last edited by Heskumdai: 23/01/19
 
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