Sorry HO, as in all businesses, if you spend 40% more than you...

Sorry HO, as in all businesses, if you spend 40% more than you planned and take longer than expected, you make much less money if the hydrocarbons are there, or you need much more hydrocarbons to make money. It is not common sense to take for granted cost overruns and schedule delays. The management is there to run the business with reasonable skills and minimising schedule and spend is a fundamental requirement. Every dollar spent must lead to profits somehow, and if the flow is 3 million cf a day but the well loses money because of the delays and the overspend, then that is bad management. But if the flows are 10 million cf, then everyone forgets how badly the work was done. Given that this is a small frack job, it will become a marginal field if the flow is much less than 4 or 5 million cubic feet imo. Also, the share market is quite fickle and often loses patience with prolonged promises and long waits. It all adds negative weight to any good news.
the oil business can be quite ugly, sometimes there is no beauty in the business, ask AED.
Nice action in London last night.