Louise results either way is not a show stopper. If unsuccessful it would be disappointing but no big deal in the scheme of things. We are generating free cash with existing wells, low admin costs and profitable. Pays to read the announcements closer, there have been several over the past few months.
Note from yesterdays announcement: "The joint venture is currently reviewing log and seismic data to determine whether there may be an opportunity to side track the well and gain an additional 200ft of structure relief or target an untouched compartment"
Also: Note from Sonris today which is consistent with that announcement: see: Well Link
As advised in the announcement it appears they haven't given up. O&G has risks and overall delays and dusters are more likely than gushers and most on this forum are well aware of this.
Re West Klondike we were expecting that in September so no surprises there as it is now early September.
Yearly accounts will be out soon then the quarterly, both should give reflect well on mgt imo.
All opinion only, DYOR
Cheers
Louise results either way is not a show stopper. If unsuccessful...
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