RE:RE:Some points of rectification......Yes Ferret, I do understand that the crestal well is deviated and for gas condensate. I should have distinguished between the next two with A3 likely giving the same results and should temper expectations on A4 as their is no basis established for the extrapolation. Thanks for pointing that out. Notwithstanding if we do not extropolate the enthusiasm from A1 and A2 beyond A3, it does not reduce the point being made I believe.
Just for the record Ferret I am not a pumper but rather one who does a lot of research including discussion with the company. Just trying to make some points in support of a long position.
North Sea stocks are by nature very erratic in their growth as clearly seen by a number of ones followed this board and Ithaca is the king of erratic growth considering that its next field initiation with more than double production. The share price is very suspectible to long wait times and delays in the process so I am trying to encourage those that are long that eventually their patience will be rewarded with their investment in Ithaca wrt to the risk /reward profile.
I am not a daily poster but at times like this when the share price is under pressure due to a combination of frustration, disappointment and impatience I like to at least attempt re-iterate to rationale for keeping a long positon in the company.