"This pig will fly this year I have no doubt."
How can you say Bug that you have no doubt the pig will fly this year? Why not any other year? What if we get a big judgement against us (up to $20M) by the US lawsuit? No doubt you say....hmmm.
What if those 4 wells do not perform as expected? Remember with drilling nothing is a sure thing. I recall the last well into Palm Valley gas field was a duster and was the most expensive failed onshore well in Australia at the time. Just because company said they see natural fractures to drill does not mean they are going to produce at high rates or even at all. I am sorry...but nothing in this game is a sure thing.
Quarterly report imminent, page-62
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