RE:DelayFirst they have to abqnfin the old well by running cememt plugs of a few hundred feet of length depending on the laws of Guyana. Then a high density 20 to 22 pound per gsllon, hard plug to kick off of to start their side track. So their kick-off depth is way uphole from the depth that they got stuck at. So after say 10 to 20 days they finally have a side track with depth equivalent to where they got stuck at because after kicking off they need to redrill new rock from kick-off point to stuck point say 100 feet away. At over 1 million dollars per day spread sheet costs then what did it just cost them to side track to get to the same depth that they were at when they got stuck?
Is the potential for them to get stuck again adding even more well cost high or low? It depends. That's why I want to know why they got stuck in the first place. The sp is telling me that investors don't know either. And yes, they need to flow test the well before any serious money will come flowing in. Until then, thin volumes, illiquid, nobody can sell in large volumes and get out without trashing the sp. They need great dst results. Eberybody waiting. Lots of money on sidelines. High wire act.