Frustrating delayI have no idea how a 45 day hole can be suddently up to 30 days late. They started on time with a new rig.
Is it logistics/labour? Did they have issues with supplies or training?
Did they have problems learning the new rig?
Did they have rig problems?
Did they have problems in the drilling? e.g. hitting unexpected voids (liquids or air)?
Did they have Covid shutdowns? Or delays from inspectors/regulators/visitors?
Did they discover unexpected oil/n.g. that forced them to get more conservative on the process?
Argh.
p.s. Our new director didn't necessarily spend $2 million for shares. We don't know. But at the time of his hire they had to be valued because he became an insider.