I dont think there is much chance of Woodside not drilling given their lease obligations, the fact that only 20% of the Kenyan acreage is left unleased and that there is line of international companies trying to get a piece of the action in Kenya.
Woodside would not want to discredit themselves in that part of the world by not fulfilling their obligations under the agreed terms which as we know have already been amended once.
The GBP share price was 80c prior to drilling so it should get back to that again prior to spudding no.2
GBP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held