GREY:STPJF - Post by User
Comment by
namlouson Sep 12, 2014 8:41am
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Post# 22929884
RE:This might be rehashing old wounds....
RE:This might be rehashing old wounds....From the last news release:
At STP-Senlac, the Company has full regulatory approval to drill the next pad of three well pairs, Phase L, at an estimated remaining cost of $18.8 million. The timing of initiating this project has also been delayed as a result of the SRP and the timing of the drilling will be dependent upon confirming the results of the ICD installations at STP-McKay as increasing volumes at STP-McKay is the near term focus for the Company. If the ICD results are as expected, and with approvals in place, Phase L drilling could commence on short notice, but the final timing has not been determined.
Maybe the carrot was held infront of them and they know this is the only route to the carrot. He definitely has not thrown the towel in yet.