now producing oil and gas, page-58

Hap, Have a good night, I like the blues but more partial to the old Thin Lizzy.

A reason I don't mind the current delays is that Louise is right next to Desiree so whilst the individual well is mentioned in the quarterly as low risk it introduces other operational risk to the company due to it being on the same pad. I'm not saying its not manageable but it is risk all the same and the permit delay enables a cash buffer to be built should they need to stop production. I spent most of my days stuck between engineers and production managers - one wanting to turn things off and one wanting to turn it up. Most shuts took longer than planned.

Interesting times though, many good companies struggling and much general uncertainty. In hindsight imo the D&L1 blowout forced the GGE mgt to do some soul searching years ago and the early CR and sale of La Posada in many ways has protected them from the current market situation. That primarily is what has given me some confidence here as they always had the cash and production to complete the projects planned. I think the lessons from our GGE experience will give us all good insight into business cycles and how we best manage our investments in the future.

Back to sleep I guess, hit the snooze again R15 and all

Cheers for tonight