RE: RE: Delay of game penalty Welcome to the board Kung Pow Chicken. You may ior may not be aware of the history here so here are two small parts of relevant news:
2013-01-14 NR...
BSE will drill one well on each of exploration licences 1070, 1120 and 1097R.
- On EL 1070, the Shoal Point 3K39 well will, by June 15, 2013, be re-entered and sidetracked from surface casing to drill, stimulate, complete and evaluate prospective oil-bearing zones within the Green Point shale formation. Earning depth of the well will be 1,800 metres below sea level.
2013-05-22
The first well of the drilling programme will be drilled on licence EL-1070. BSE has obtained approval from the offshore regulator ('C-NLOPB') to drill a new well identified as 4K-39 well on EL-1070, which will be drilled with a rig acquired specifically to test the Green Point Shale, which will maximize the opportunity for obtaining geological and test data.
So rather than finishing what they started on a well that supposedly cost them in excess of $15M to drill they're going to start over. They've offered no explaination for not reentering 3k-39z. The only thing that makes sense is that they want to delay release of real news. Someone knows what's going on but it sure isn't the average retailer. Grumble!
Do your homework and feel free to counter my points with facts.