RE:Presentation video.........
There is now no need to fund raise, there is no further dilution ahead. Paul does not have to "sell" the company in interviews and presentations, he does not need to attract buyers as he wants to raise more money. Dilution is over, as he himself said in the presentation.
He can now simply tell it as it is - he can actually be over cautious now and go more with the "under promise and over deliver" line.
If Coho comes on line in May, or June, or July........does not matter now, not going to effect anything (or maybe it does.....see later)
Casca and Chinook he has said "definitely before year end".....fine, allows to Dec 31st 2021 now for them to be on line.
Casca-Deep 2 well and Kraken-1 well "early in 2022".
Paul also confirmed that they will be using WSPCL Rig 60 for Royston. This is a big rig capable of 16,000 feet depth (1500 Horsepower) (note that he said Kraken was 14,500 feet depth).
So assume that once WSPCL Rig 60 has its cobwebs blown away drilling Royston-1 that this rig will be then used for Cascadura Deep-2 and Kraken-1 and potentially any "new" drill that might be added to the program for late Q3/early Q4.
This maybe where Coho on line has an effect, possibly if Coho is on line quick then a new well "Steelhead" will be added in 2021. If Coho is on line later than currently expected then "Steelhead" might be slipped into 2022 after Kraken-1 is done. Thats my view........hence no talk of Steelhead now as this will be a fill in well late 2021 "if" things are going swimmingly, or part of 2022 program if any slight delays to things in 2021.